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Carbon Pricing 101 | U.S. PIRG


Released by:
U.S. PIRG Education Fund
Release date:
Tuesday, April 20, 2021
Global warming is the existential challenge of our time, threatening lives, livelihoods and the future of the planet. Wildfires, extreme storms and other impacts of global warming are already causing devastation around the world. Those impacts will only become more dramatic over time unless we move to cut greenhouse gas (GHG) emissions immediately and dramatically.
To prevent the worst impacts of global warming, the United States must achieve carbon neutrality by 2050. The Intergovernmental Panel on Climate Change (IPCC) warns that world carbon emissions must reach net zero around 2050 to limit global warming to 1.5°C over preindustrial levels – the level beyond which catastrophic climate changes could occur.[i] ....

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The U.S. Is Well-Positioned To Decarbonize Its Power Sector


During his campaign, President-elect Biden proposed to transform the energy sector and eliminate GHG emissions from the power sector by 2035. Doing so would excise 27 percent of U.S. GHG emissions and help decarbonize other sectors, like transportation, as they electrify. Such a rapid transition, however, raises concerns about the power sector of today.
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Even if coal is on a steady decline, natural gas is still a major energy source for the power sector - and it s still growing. The political and economic challenges of that transition will be higher if it requires shutting down working gas plants. So with such an ambitious target, what is the future role of gas in the power sector? ....

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