An important study has been released that adds weight to the argument that the “direct use” of natural gas is the best way to use the fuel.
Recently, the Gas Technology Institute reported that the increased direct use of natural gas in homes and businesses will reduce energy consumption, save energy costs and reduce CO2 emissions. Direct use refers to using natural gas in a residential or commercial capacity such as space heating, water heating, cooking and clothes drying.
The study, “Validation of Direct Natural Gas Use to Reduce CO2 Emissions,” found that when a “societal subsidy”- such as a rebate or a tax credit- is put in place to encourage the use of natural gas appliances, major savings in energy costs, CO2 emissions, energy use, and electricity use, can be achieved.
Case in point: those types of subsidies would provide the following benefits by 2030 (when compared to the Energy Information Administration’s 2008 Annual Energy Outlook):
- 1.9 Quads energy savings per year (enough energy to heat 35 million American homes for a year);
- 96 million metric tons CO2 emission reduction per year (equivalent to taking 16 million cars off the road); and
- $213 billion cumulative consumer savings.
Clearly, the direct use of natural gas results in monumental savings- of energy, money and greenhouse gases– for American consumers.
To view a copy of the report, please click here.