Oil and gas programme director, GEM
Plans for new oil and gas power plants have grown by 13% in 2023
Our tracking shows there is now 783 gigawatts (GW) of oil- and gas-power capacity under development – projects that are either announced or in the pre-construction and construction phases. These represent a stranded asset risk of hundreds of billions of dollars and potentially locking in tens of billions of tonnes of carbon dioxide (CO2) emissions.
November 8, 2023