The Experts is an exclusive group of industry and thought leaders brought together by the Wall Street Journal to comment on issues raised in Journal Reports. In May 2014, BCG’s Iván Martén weighed in on several issues.
The shale gas revolution is bringing a host of benefits to the U.S., including greater energy independence, reduced carbon emissions, and a resurgence of the country’s energy intensive sectors—especially petrochemicals. So far, however, relatively few other countries have taken the shale gas plunge—but that seems poised to change. As more countries take advantage of the substantial shale reserves they possess within their own borders, they will face a number of challenges. Here are ten actions policy makers in various countries can take to move ahead with a comprehensive plan for the safe and successful development of shale gas:
To seize the opportunities afforded by shale gas development, countries will have to develop new skills and capabilities This is uncharted territory for many countries, and the journey will be challenging—but the potential rewards are immense.
This blog was originally published by the Wall Street Journal.