NEW YORK, April 16 - Natural gas will still be needed
for electricity generation in California's clean energy
transition, Edison International ( EIX ) chief Pedro Pizarro
said on Tuesday at an industry conference.
Natural gas is the cheapest and most reliable power
generating source in the most populous U.S. state, said Pizarro.
Edison International ( EIX ) is the parent company of electric
utility Southern California Edison.
WHY IT'S IMPORTANT
The role of natural gas in future power generation has been
under debate by U.S. states racing to dramatically reduce carbon
emissions, primarily by replacing fossil-fired electricity
generation with renewable sources like wind and solar, within
the next two decades.
California has set a goal for its electric grid to reach
carbon neutrality by 2045.
KEY QUOTE
"We see about 40% of the gas that's flowing through the
pipes today still flowing in 2045 and being offset by carbon
capture, carbon sequestration and direct air capture," Pizarro
said at the BNEF Summit in New York.
CONTEXT
Unlike wind and solar, natural gas emissions contribute to
global warming, but the fossil fuel results in fewer carbon
emissions than coal and crude oil.
BY THE NUMBERS
About 40 percent of U.S. electricity is powered by natural
gas.