Executive Summary
New analysis from Bloomberg New Energy Finance on the cost of reducing co2 emissions in the US shows that some previous estimates of abatement costs have probably been too optimistic. To achieve a 17% reduction on 2005 levels by 2020 entirely within the US would make use of some “early wins” in eneryg efficiency and land-based measures, but would the require more fundamental changes to the power and transport sectors. Overall however, the costs should be affordable and can further be reduced by the use of internation offsets.
The study has been funded and conducted entirely by Bloomberg New Energy Finance over the course of 2009 with data drawn from hundreds of sources and using BNEF’s Global Energy and Emissions Model (GE2M).
Please download the full report for more detailed analysis.