“Gas will be a repeat of coal but quicker. When we look at power generation, you can see that going really, really quickly.” This is what the head of company search at the Carbon Tracker Initiative told Bloomberg this month in comments on the future of natural gas in Europe, as news outlet reported that some large European utilities are having trouble finding buyers for their gas-fired plants. The report cites Spanish Iberdrola as struggling to find buyers for gas plants. It also cites Italy’s Enel as planning to add more gas-fired generation capacity despite long-term plans to shift entirely to non-fossil fuel sources of energy. According to Carbon Tracker, these are signs that natural gas is on its way out, in a way similar to coal. The gas phase-out, however, will be quicker than coal’s because there aren’t as many people employed in gas extraction in Europe, the […]