EIA's most recent Short Term Energy Outlook projects that energy-related CO2 emissions will decrease by 2.0% in 2020, and by another 1.5% in 2021. For petroleum-related CO2 emissions, which are dominated by transportation uses as well as heating in New England, EIA projects no change for 2020, with a slight decrease in 2021. These projected declines build on 2019's year-over-year reduction of 2.1%.
EIA's historic data shows volatility in carbon emissions levels. According to EIA, if its short-term forecast is validated, energy-related CO2 emissions will have declined in 7 of the 10 years from 2012 to 2021. The most recent reversal occurred in 2018, when EIA cites weather-related factors as having driven a 2.9% increase.
Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2020. |
Over the long term, EIA attributes the declines in CO2 emissions to two trends that reduce the carbon intensity of electric power generation: the replacement of carbon-intensive coal-fired generation with more efficient, lower-carbon natural gas; and increased generation from wind, solar, and other renewable generation. According to EIA data, the share of coal-fired generation fell from 28% in 2018 to 24% in 2019 and will fall further to 21% in 2020 and 2021.
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