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How the US Can Lower Methane Emissions from Natural Gas and Save Money

A new WRI study finds that there are many win-win opportunities for the United States to reduce emissions and save money for consumers and businesses. Our blog series, Lower Emissions, Brighter Economy, evaluates these opportunities across five key areas—power generation, electricity consumption, passenger vehicles, natural gas systems and hydrofluorocarbons (coming soon) —which together represent 55 percent of U.S. greenhouse gas emissions.

Tougher Greenhouse Goals Could Cut EU’s Gas Imports in Half

Later this week, the European Council will decide on a target to further reduce the EU’s greenhouse gas (GHG) emissions by 2030.

At issue is whether the Council will decide to reduce emissions by “at least 40 percent” from 1990 levels—leaving the door open to increase ambition in negotiation with other countries—or cap reductions at just 40 percent, locking in a lower goal and possibly influencing other countries to do the same.

The Price Is Wrong: New Report Calls for Fossil Fuel Prices that Reflect Environmental Costs

A new report from the International Monetary Fund (IMF), Getting Energy Prices Right: From Principle to Practice, argues that the costs of coal, natural gas, gasoline, and diesel fail to account for these fuels’ environmental and social impacts—such as greenhouse gas emissions, air pollution, and traffic deaths.

Setting prices that reflect these side effects—through taxes, licensing, or cap-and-trade systems—could reduce deaths from fossil fuel-related air pollution by 63 percent, decrease global carbon dioxide emissions by 23 percent, and generate revenues totaling about 2.6 percent of global GDP.

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