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Monday, March 26, 2018

Climate Action: US leads world in 2017 CO2 reduction per IEA, third consecutive year of US CO2 decline. US continues decades long practice of diverting billions of tax dollars to climate action industry-March 2018 IEA Report

March 2018, "Global Energy and CO2 Status Report, 2017," International Energy Agency 








p. 3: "While most major economies saw a rise in carbon emissions, some others experienced declines, such as the United States, the United Kingdom, Mexico and Japan. The biggest decline came from the United States, where emissions dropped by 0.5%, or 25 Mt, to 4 810 Mt of CO2, marking the third consecutive year of decline. While coal-to-gas switching played a major role in reducing emissions in previous years, last year the drop was the result of higher renewables-based electricity generation and a decline in electricity demand. The share of renewables in electricity generation reached a record level of 17%, while the share of nuclear power held steady at 20%."...

p. 5: "Around 60% of the growth in oil demand came from Asia. Although China is the leading global market for the sales of electric cars, it was also the top contributor to oil demand growth, followed by India."...

p. 7: "Asia accounted for the largest increase in coal demand, up 35 Mtoe relative to 2016. China coal-fired electricity generation increased to meet a 6% growth in electricity demand."...

p. 8: "In the United States, the 2018 Budget Bill and the extension and expansion of the “45Q” tax credits is expected to provide a significant boost for CCUS investment. This could lead to capital investment on the order of USD 1 billion over the next six years, potentially adding 10 to 30 million tonnes or more of additional CO2 capture capacity. This would increase total global carbon capture capacity by around two-thirds from today’s levels."...

p. 11: "In the United States, electricity demand fell by almost 80 TWh compared with 2016."... 

above chart from page 4
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