Friday, April 19, 2013

Market Forces Lower Energy Related Carbon Dioxide Emissions To 1994 Levels

Posted by Milton Recht:

From The Wall Street Journal, "Rise in U.S. Gas Production Fuels Unexpected Plunge in Emissions" by Russell Gold:
Energy-related emissions of carbon dioxide, the greenhouse gas that is widely believed to contribute to global warming, have fallen 12% between 2005 and 2012 and are at their lowest level since 1994, according to a recent estimate by the Energy Information Administration, the statistical arm of the U.S. Energy Department.

While other factors, including a sluggish U.S. economy and increasing energy efficiency, have contributed to the decline in carbon emissions from factories, automobiles and power plants, many experts believe the switch from coal to natural gas for electricity generation has been the biggest factor.
But the U.S., which has decreased its carbon-dioxide output tonnage more than any other nation, demonstrates that market forces can have an impact on greenhouse gases even as politicians continue to disagree over what, if any, federal regulations are needed to force industries to reduce their emissions.

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