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.
WASHINGTON (January 14, 2015)— The Obama administration announced a goal to cut methane emissions from the oil and gas sector by 40 to 45 percent (from 2012 levels) by 2025, along with a suite of actions to achieve this target. Methane is the second most important greenhouse after carbon dioxide and represents around 10 percent of total U.S. greenhouse gas emissions.
Satellite measurements have shown evidence that methane emissions from U.S. natural gas production are likely a much larger problem than the EPA or the oil and gas industry acknowledges.
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.
This report analyzes water availability across all potentially commercial shale resources worldwide.
It also reveals that water availability could limit shale resource development on every continent except Antarctica.
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.
WASHINGTON—Today, the Obama Administration released the first national standards to limit carbon dioxide emissions from existing power plants. These standards are the next step in implementing the U.S. Climate Action Plan to address the growing threat of climate change. The proposal would put in place emission cuts of 30 percent by 2030 compared to 2005 levels.
When President Obama addresses the nation later today, climate change is expected to be featured. The president recently said that one of his personal passions is “leaving a planet that is as spectacular as the one we inherited from our parents and our grandparents.” The next two years will determine if his administration can meet this standard.
Wisconsin has already taken strides to reduce its near-term power sector CO2 emissions by implementing cost-effective clean energy policies. And the state has the opportunity to go even further. In fact, new WRI analysis finds that Wisconsin can reduce its CO2 emissions 43 percent below 2011 levels by 2020 by extending its existing clean energy policies and taking advantage of existing infrastructure. Achieving these reductions will allow Wisconsin to meet even ambitious EPA power plant emissions standards, which are due to be finalized in 2015.