Wentworth Energy, Inc. (WNWG)

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MIT releases major report: The Future of Natural Gas

— Study finds significant potential to displace coal, reducing greenhouse gas emissions.

CAMBRIDGE, Mass., June 25, 2010 -- Natural gas will play a leading role in reducing greenhouse-gas emissions over the next several decades, largely by replacing older, inefficient coal plants with highly efficient combined-cycle gas generation. That’s the conclusion reached by a comprehensive study of the future of natural gas conducted by an MIT study group comprised of 30 MIT faculty members, researchers, and graduate students. The findings, summarized in an 83-page report, were presented to lawmakers and senior administration officials this week in Washington.

The two-year study, managed by the MIT Energy Initiative (MITEI), examined the scale of U.S. natural gas reserves and the potential of this fuel to reduce greenhouse-gas emissions. Based on the work of the multidisciplinary team, with advice from a board of 16 leaders from industry, government and environmental groups, the report examines the future of natural gas through 2050 from the perspectives of technology, economics, politics, national security and the environment.

The report includes a set of specific proposals for legislative and regulatory policies, as well as recommendations for actions that the energy industry can pursue on its own, to maximize the fuel’s impact on mitigating greenhouse gas. The study also examined ways to control the environmental impacts that could result from a significant expansion in the production and use of natural gas — especially in electric power production.

"Much has been said about natural gas as a bridge to a low-carbon future, with little underlying analysis to back up this contention. The analysis in this study provides the confirmation — natural gas truly is a bridge to a low-carbon future," said MITEI Director Ernest J. Moniz in introducing the report.

Major Studies

* MIT faculty have, over the last several years, conducted several multidisciplinary energy studies. Here are the reports.

Reports

* Retro-Fitting of Coal-Fired Power Plants for CO2 Emissions Reductions | June 19, 2009

http://web.mit.edu/mitei/research/studies/naturalgas.html

FYI

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