This echoes important work by the Worldwatch Institute on using gas strategically in energy policy to drive a low-carbon economy.
So, Citi see natural gas as a bridge to a renewable future – though in climate terms, it may more accurately be viewed as a hedge against the most catastrophic warming.
Shale gas will swamp and displace renewables, it will help them. Renewables become cheaper than fossil fuels in the medium- to long-term. It’s happening now in some places, it will happen in others soon. Obviously the rise of renewables could be accelerated by policy, and should be. It won’t happen fast enough to avert the worst of climate change without a policy boost.
That policy boost cannot come too quickly, or too aggressively.