Shale gas developments in the USA have led to a hype about the energy security prospects for other world regions, eager to replicate the American success story. In Europe, shale gas developments have remained in their infancy. As Michael LaBelle of CEU’s Business School and I argue in our latest piece, it is likely that this situation will continue and the shale gas ‘revolution’ is one that remains restricted. We compare shale gas technology to solar and nuclear, each at the time coined a game changer for energy security, and hyped as key to a sustainable energy future. We argue that shale gas perceived as an unproven and risky technology, fails to surpass essential policy, industry and social barriers required for a new energy technology innovation to succeed. Read more.
- The European Union gas market faces four different scenarios
- Sorting fact from fiction on Europe’s shale gas ‘bonanza’