LPG could be a viable alternative fuel for the transport sector to reduce carbon emissions, according to Alan Whitaker, a specialist in power and carbon markets from Oslo on Thursday.
LPG is a low-carbon alternative to conventional fossil fuels. Its combustion emits 33 percent less CO2 than coal and 15 percent less than heating oil, according to the French Agency for Environment and Energy Management.
LPG is a cleaner fuel than petroleum and gasoline for the environment, Whitaker told The Anadolu Agency on the sidelines of the sixth Annual Baltic Energy Summit in Helsinki.
\"Fuel in the transport sector is quite difficult to decarbonize, which is perhaps why LPG is being considered as an option. But we shouldn’t forget that there are choices like biofuel, battery technologies and electric cars which are far better than all kinds of fossil fuels,\" Whitaker added.
According to Whitaker, the EU’s targets are somewhat uncertain and he says a global agreement is needed. He said that in Europe, the use of carbon and its resulting emissions should be charged as a deterrent for their use.
\"If Europe wants to decarbonize, essentially we need some kind of charge for carbon whether true market price or through tax. That means it will be more costly to produce industrial units and industry in the EU will be affected by this decision,\" he stressed.
Whitaker explained that with a carbon charge, it could be less competitive for Europe to compete with countries that do not have such a system in place like India or China.
\"While the targets and Europe’s intentions are clear, I think for them to be sustainable, a global agreement is needed,\" he said.
Carbon emissions became a current issue for the energy sector after EU member countries agreed to decrease the emissions by 40 percent by 2030. The deal was agreed during their meeting in Brussels on Oct. 24.
By Murat Temizer