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Separate MIT, IEA reports both outline major expansion in role of natural gas; caution on climate benefits

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Unlike other fossil fuels, natural gas plays a major role in most sectors of the modern economy—power generation, industrial, commercial and residential. In the US, a combination of demand reduction and displacement of coal-fired power by gas-fired generation is the lowest cost way to reduce CO 2 emissions by up to 50%.

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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2 ] Rasmussen’s “one agreement, two steps” plan was quickly endorsed by US President Obama, as well as Australia’s Prime Minister Rudd and Russia’s President Medvedev, all of whom were present at the APEC summit. Earlier post.).

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