Posted on Monday, January 4th, 2010 at 9:32 am
The United States economy’s overall carbon footprint will shrink by 3.1 percent by 2020 from where it was in 2005 even if Congress completely fails to implement any new measures to address climate change in coming months, according to leading research firm New Energy Finance. This will be driven in part by the recession, but more importantly through ongoing improvements in technology and government policies to promote renewable energy and automobile efficiency. Including the impact of the Kerry-Boxer bill would reduce domestic emissions further, reaching 7.1 percent by 2020 with an average carbon price of $21/tCO2e over the period
