Groundbreaking Analysis Finds Abundant, Low-Cost U.S. Greenhouse Gas Emissions Reduction Opportunities
Tony Kreindler, Environmental Defense, 202-210-5791
(Washington – November 29, 2007) A groundbreaking independent analysis of greenhouse gas emissions reduction opportunities across the U.S. economy shows that projected emissions could be cut by as much as one-half by 2030 at a manageable cost, and without major technological breakthroughs or significant changes in consumer behavior.
- Emissions reductions totaling 3.0 to 4.5 gigatons are achievable by 2030 at manageable cost using existing and presently emerging technologies;
- Achieving identified emissions reductions will require an economy-wide strategy and clear policy framework ;
- Delaying implementation of a comprehensive national strategy will lead to higher costs because energy efficiency opportunities become more expensive over time; and,
- Capital expenditures necessary to realize emissions reductions opportunities between now and 2030 will represent an increase of about 1.5 percent in the $77 trillion in real investment the U.S. economy is expected to make over the same period.
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