News From the Field
Reduction in U.S. Carbon Emissions Attributed to Cheaper Natural Gas
February 27, 2012
Researchers at the Harvard University School of Engineering and Applied Sciences have shown that the primary explanation for the reduction in carbon dioxide emissions from power generation in 2009 was that a decrease in the price of natural gas reduced the industry's reliance on coal. According to their econometric model, emissions could be cut further by the introduction of a carbon tax, with negligible impact on the price of electricity for consumers.
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