Remove 2005 Remove Climate Change Remove Coal Remove Cost
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Rhodium Group estimates US GHG fell 2.1% in 2019, driven by coal decline

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This decline was due almost entirely to a drop in coal consumption. Coal-fired power generation fell by a record 18% year-on-year to its lowest level since 1975. An increase in natural gas generation offset some of the climate gains from this coal decline, but overall power sector emissions still decreased by almost 10%.

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MIT report finds China’s actions on climate change crucial; argues for global economy-wide greenhouse gas tax

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A new report from the MIT Joint Program on the Science and Policy of Global Change shows the importance of all major nations taking part in global efforts to reduce emissions—and in particular, finds China’s role to be crucial. Eighty percent of those emissions came from coal, making China the consumer of about half the world’s coal.

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EPA proposes rule for nationwide 30% cut in GHG from existing power plants by 2030 relative to 2005

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The US Environmental Protection Agency (EPA) released the already widely-discussed (albeit without much detail) “Clean Power Plan” proposal, which mandates a national average 30% cut in greenhouse gas emissions from existing power plants from 2005 levels by 2030. EPA is only proposing goals for states with fossil fuel-fired power plants.

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Perspective: The Role of Offsets in Climate Change Legislation

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This article shows that including offsets in climate change legislation would likely make an emissions program more cost-effective by: (a) providing an incentive for non-regulated sources to generate emission reductions; and (b) expanding emission compliance opportunities for regulated entities. CONCERNS REGARDING OFFSETS.

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US and China jointly announce GHG reduction targets; US to cut net GHG 26-28% by 2025, China to peak CO2 by ~2030

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US President Barack Obama said the US will cut net greenhouse gas emissions in the US by 26-28% below 2005 levels by 2025. per year on average during the 2005-2020 period to 2.3-2.8% The US and China jointly announced greenhouse gas (GHG) reduction targets. The new US goal will double the pace of GHG reduction from 1.2%

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IEA: carbon intensity of global energy supply has barely changed in last 20 years; “window of opportunity in transport”

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The IEA said that this reflects the continued domination of fossil fuels—particularly coal—in the energy mix and the slow uptake of other, lower-carbon supply technologies. Without CCS, the world will have to abandon its reliance on fossil fuels much sooner—and that will come at a cost. tCO 2 /TJ (2.39 tCO 2 /toe).

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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

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A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. for oil, 24% for coal, and 20% for natural gas. —Christopher Knittel.

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