Saturday, 1 January 2011

New year: good news

Given the low political chances of any effective climate change reform coming out of Congress in the next few years, I was pleased (and surprised) to see this projection from the US Department of Energy:
...the level of carbon dioxide emissions in the United States will remain below the rate of 2005 for the next 15 years even if no new restrictions are imposed.
That's stunning. And gives us hope that ordinary supply and demand might do at least part of what politicians can't seem to: reducing demand by increasing the price of carbon.

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