Biogas has role in switch to greener future, Naturgy chief says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 10 2024
0mins
Source: reuters
- Gas from organic waste is crucial for Europe's low-carbon transition: Spanish energy company Naturgy emphasizes the importance of renewable gases in achieving a low-carbon economy and preventing companies from relocating.
- Expansion of biomethane operations: Naturgy is increasing its biomethane production by processing agricultural and organic waste, with three plants already operational and more under construction.
- Criticism of biogas: Some environmental groups raise concerns about biogas emitting similar contaminants to fossil fuels when burned.
- Need for diverse green technologies: The executive chairman highlights the necessity of considering various technologies for the green transition, stating that not everything can be electrified.
- Call for effective regulatory framework: There is a demand for a straightforward and efficient regulatory environment to encourage investments in transitioning to a low-carbon economy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
