30 Jun '13, 5pm

Complexity Of US Carbon Emissions Cuts, & The 3rd Oil Crisis?

Australia, which decided not to have a recession as a result of the Global Financial Crisis, has maintained a disgusting amount of gasoline use thanks to a high Aussie dollar and relatively cheaper oil prices. However, despite having the fastest growing economy in the developed world, electricity consumption has fallen. This has been mainly due to improved efficiency and residential solar. While the US solar boom is really just starting, I would guess that if the US had decided to have a normal recession back in 2008 instead of a grinding mini-depression, high oil prices and improved efficiency would still have resulted in a significant decline in emissions.

Full article: http://cleantechnica.com/2013/06/30/complexity-of-us-carb...

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