Thursday, June 7, 2012

How many economists does it take to reduce CO2 emissions?

None, the market will do it.

Mark Perry notes that the unexpected reduction in carbon consumption in the US had nothing to do with government investments in wind, solar, or other forms of clean energy.  Rather, the discovery and development of new sources of natural gas increased the supply of natural gas, which caused a reduction in price.  The reduction in price caused consumers to shift demand towards this lower-priced, and lower-carbon substitute.

It makes me wonder about all the heated political debate, litigation, treaties, and studies that have been spilt over this issue.  


  1. The hydraulic fracturing method and mass unconventional gas contributes a lot

  2. great site latest and happening topics. Found one more site which has lot go visit this

  3. Really it's amazing.