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.
One of the world’s leading international nonprofit organizations, Environmental Defense Fund (edf.org) creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law, and innovative private-sector partnerships. With more than 3 million members and offices in the United States, China, Mexico, Indonesia and the European Union, EDF’s scientists, economists, attorneys and policy experts are working in 28 countries to turn our solutions into action. Connect with us on Twitter @EnvDefenseFund
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