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    The Guardian: Gas rebranded as green energy by EU

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Summary

Renewable energy may be the victim of cheap gas prices if governments do not stick to their renewable support schemes," said the IEA's chief economist, Fatih Birol.

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Press Notes

The Guardian: Gas rebranded as green energy by EU

Energy from gas power stations has been rebranded as a green, low-carbon source of power by a €80bn European Union programme, in a triumph of the deep-pocketed fossil fuel industry lobby over renewable forms of power.

In a secret document seen by the Guardian, a large slice of billions of euros of funds that are supposed to be devoted to research and development into renewables such as solar and wave power are likely to be diverted instead to subsidising the development of the well-established fossil fuel.

The news comes as a report from the respected International Energy Agency predicted a "golden age for gas" with global production of "unconventional" sources of gas (notably shale gas extracted by hydraulic fracturing or 'fracking') tripling by 2035.  MORE