Natural gas prices and demand are likely to stay resilient even if human-induced global warming is contained to 2 degrees celsius or less, according to new analysis by Wood Mackenzie.

The 2-degree goal was established under the 2015 United Nations global climate agreement, aka the Paris Agreement.

Replacement of coal with gas-fired power generation in Asia’s developing markets contributes to 8% of global emission reductions under Wood Mackenzie’s accelerated energy transition (AET-2) scenario, said the firm’s Massimo Di-Odoardo, vice president for global gas and liquefied natural gas (LNG).

Large-scale development of carbon capture and storage (CCS) and carbon capture, utilization and storage (CCUS) in the industrial and power sectors also support gas, “while the