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National Research Council Report Recommends Setting a US Carbon Budget Through 2050; Concludes Known Technologies Not Sufficient to Meet Budget Goals

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The exact value of the reference budget is uncertain, but regardless, illustrates a clear need for a major departure from business-as-usual. In some instances, it may be appropriate for state/local efforts to be preempted by new federal programs, but this must be balanced against the need to allow for flexibility and innovation.