Economic assessment and environmental challenges of methane storage and transportation
Abstract
This chapter delves into the dynamic interplay between economic drivers and environmental concerns within the context of methane, a potent greenhouse gas and a crucial component of modern energy systems. The chapter presents a comprehensive analysis of the economic underpinnings of methane as a global energy source, highlighting its pivotal role in meeting increasing energy demands and fueling economic development worldwide. It meticulously assesses the investments, innovations, and infrastructure shaping the methane storage and transportation industry and emphasizes the economic significance of methane in the face of ever-evolving production and consumption patterns. However, this economic advantage is accompanied by pressing environmental challenges. The chapter provides a detailed exploration of the environmental implications associated with methane emissions during extraction, storage, and distribution processes. It underscores the contribution of methane emissions to global warming, air quality deterioration, habitat disruption, and water resource implications, offering insights into their diverse sources encompassing natural and anthropogenic origins. In light of these intricate dynamics, the chapter advocates for a balanced approach. It underscores the urgency of mitigating methane emissions to combat climate change and protect the environment. The energy sector's substantial role in these emissions is acknowledged, along with opportunities for mitigation through technological advancements and strategic measures. Ultimately, this chapter seeks to strike an equilibrium between the undeniable economic significance of methane and the imperative to address the environmental challenges it poses. It offers a roadmap for navigating this complex relationship, ensuring that methane remains a vital component of the global energy landscape while safeguarding the health of our planet. © 2024 Elsevier Inc. All rights reserved.