New approach to climate change from study opens new markets.
U.S. policy states need for renewable energy generation strategies.
Study looked specifically at the prices of natural gas.
Scope of the study evaluated how pricing affects the level of emissions.
Difference of between Democratic & Republican positions on emissions may not actually be functionally that different,
Capital cost reductions for solar &wind generation, had huge impact.
Researchers say that to meet 2050 & 2035 goals will require parties to work together.
Need approach that relies on policy tools such as tax credits and R&D subsidies.
Uses free-market forces to incentivize zero-CO2 generation sources.
Includes carbon capture utilization and storage.
” In both cases, the tradeoffs in generation sources offset both the positive and negative effects, leading to functionally similar outcomes in emissions.”
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Anna J. SiefkenOpens in new window, Executive Director – CMU Scott Institute for Energy Innovation
Are Democratic and Republican energy policies actually that different? – https://engineering.cmu.edu/news-events/news/2020/10/23-energy-policies.html