Shale gas good for UK in the short term

Fracking only advised in areas where it will prove most valuable, says report

Shale gas obtained by the process of ‘fracking’ will be beneficially to the UK in reducing carbon emissions, according to the findings of a new report.

The report, from the Grantham Institute on Climate Change and the Environment at LSE, states that by replacing coal-powered power stations with ones run with shale gas, as they will ‘emit less than half the carbon dioxide per kilowatt hour of coal-fired plants’. 

Reports says shale gas can be beneficial, but committed to it too much is 'risky'

(Image source - The Guardian)

However, the report also states that it is risky to assume that the UK has vast quantities of shale gas locked away underground or to assume that gas prices will be lower in years to come. The report believes the best course of action in terms of obtaining shale gas is to focus on areas where it can be most valuable in terms of reducing carbon emissions, which the report describes as a ‘dash for smart gas’.  

‘Fracking’ has proved controversial in Britain, with many critics fearing prolonged fracking sites could lead to earthquakes, polluted water supplies and decreases in housing prices. Supporters of it believe it can provide energy security due to it being collected domestically. Earlier this month, Greenpeace launched a protest outside George Osborne’s constituency office by erecting a mock fracking rig, and last year, the EU warned Britain about ‘jumping headlong’ into shale gas and argued that the country didn’t fully understand the environmental consequences of fracking.

Fracking laws needed says EU

Brussels warns UK about jumping 'headlong' into shale gas

The European parliament has warned it will regulate the shale gas industry as it claims the UK doesn’t know what it is doing with its ‘dash for gas’.

Jo Leinen MEP, a member of the parliament’s environment committee, believes the UK isn’t fully aware of the scale of environmental and health consequences that can occur from large-scale ‘fracking’, the controversial method of blasting rocks with pressurised water, sand and chemicals to force gases from them. Leinen said ‘In Great Britain they give the green light for industrial exploitation but they have to know what they are doing. I don't know if they can be so sure and clear about what they are doing”. 

The Coalition sees shale gas as a great opportunity, but may be ignoring the environmental implications of it

(Image source - The Guardian)

Recent reports on fracking from the European commission warn of the high risk of ground- and surface-water contamination, noxious air emissions, risks to biodiversity and noise pollution. However, just last week the chancellor George Osbourne announced that fracking firms would be offered tax breaks to set up in the UK, whilst energy secretary, Ed Davey, is expected to lift restrictions on a fracking site in Blackpool shortly, after it was closed when it was suggested the process may be triggered earthquakes.

Another criticism of the process is that, according to research, between 2500 and 3500 horizontal wells and 113 million tonnes of water would be needed to produce just 10% of the UK’s gas consumption over the next 20 years, with prompted Christophe McGlade, from the UCL Energy Institute who worked on a report for the European commission on the level of shale in the EU, to say, "Just because the resource is there, it does not mean that it can be produced economically."

UPDATE -

Energy secretary Ed Davey has now lifted the restrictions on fracking in the UK, allowing energy company Cuadrilla to resume its operations at the site in Blackpool. Despite protests from anti-fracking campaigners, who believe that this practice of collecting shale gas could be damaging to climate change targets and could potentially contaminate aquifers, Davey sees shale gas as a promising new energy source. Davey stated he has taken all factors into account, saying, "My decision is based on the evidence. It comes after detailed study of the latest scientific research available and advice from leading experts in the field",