The war in Ukraine and the on-going energy crisis have made it clear that a green energy transition is not only essential for avoiding the worst impacts of climate change. It is also a security matter. While there is growing consensus on the need for a power sector coal phase-out, fossil gas has largely flown under the radar.
This report assesses how fast fossil gas power generation must be phased out in different parts of the world to keep the Paris Agreement’s 1.5°C temperature goal in reach. The scenarios used here were developed before Russia’s invasion of Ukraine and the recent spike in oil and gas prices. Security and economic concerns may compel a faster phase-down of gas in some regions.