ICTSD » Energy and Climate Change Programme
As shale gas exploration and extraction ramps up in many parts of the world, its contribution to global climate change and effect on international trade are becoming increasingly complicated and indeterminate. Undoubtedly, shale gas is transforming energy prices, industrial competitiveness, and geopolitics in a number of countries. Further investigation and safeguards are therefore needed to ensure that the shale gas “revolution” fosters, rather than hinders, sustainable development.
This paper, authored by Thomas L. Brewer, a senior fellow of ICTSD, sheds light on these complex issues and calls on governments, industry and international agencies to evaluate the full effects of shale gas on the environment and climate change to determine how it can best fit into a sustainable development agenda.