Thursday, 24 May 2012

Fracking produces dramatic drop in CO2 emissions..

In a blog via Bishop Hill, the FT is reporting a dramatic drop in US carbon dioxide emissions, apparently because of the increasing use of natural gas in its economy.
The shale gas boom in the US has led to a big drop in its carbon emissions, as power generators switch from coal to cheap gas.
According to the International Energy Agency, US energy-related emissions of carbon dioxide, the main greenhouse gas, fell by 450m tonnes over the past five years – the largest drop among all countries surveyed.
The evidence that shale gas will help ease the worries of those who fret about global warming now seems overwhelming. I think this is where we find out how many of them are serious about global warming and how many of them are just anti-capitalists..