It's Called Global Warming for a Reason
America's carbon emissions are at their lowest level since 1994, according to a report the U.S. Energy Information Administration released Monday.
But hold the champagne toast. Lest you forget, we're not the only country on this planet and carbon emissions don't stop at international borders.
CO2 emissions in the fastest-growing economies keep going up, and that's offsetting our decline. By 2040, the EIA predicts an overall 1.3 percent increase in global carbon emissions, with places like China and India seeing the highest increases (2.1 and 2.3 percent, respectively).
To be sure, it's an important symbolic achievement that we—the worst carbon culprit on Earth to date—are finally getting our act together, and it could show global leadership. But any discussion of global warming must consider to a significant degree—pun intended—the actions of the planet's new carbon guzzlers.
TOP ENERGY NEWS
U.K. TO GET FIRST NEW NUCLEAR PLANT IN NEARLY TWO DECADES. The British government reached a deal with French energy provider EDF to construct a nuclear-power plant in the U.K.
VITTER PUTS HOLD ON ENERGY NOMINEE. Louisiana's Republican senator said he's concerned with private emails sent by Elizabeth Robinson, who awaits Senate confirmation as Energy Department undersecretary.
OUTGOING FERC CHAIRMAN REVEALS LAW-FIRM PLANS. Jon Wellinghoff will join energy law group Stoel Rives.
GAS PRICES HIT NINE-MONTH LOW. But experts say the trend won't continue much longer, with prices expected to level out soon.
CONTAMINATED RAINWATER OVERFLOWS BARRIERS AT FUKUSHIMA. Tokyo Electric Power Co. reports that contaminated rainwater at the plant may have leaked into the Pacific Ocean.
RUSSIA AND CHINA ANNOUNCE JOINT OIL-EXPLORATION VENTURE IN SIBERIA. The move signals a shift in Russia's stance toward cooperation with China in the field of oil production and exploration.
GULF OIL PRODUCTION SET TO INCREASE. Though oil production in the gulf has declined in the past three years, international and domestic interest in the region is intensifying.
RULES COMMITTEE TAKES UP WATER RESOURCES ACT. The House Rules Committee holds a full committee meeting to formulate a rule on the Water Resources Reform and Development Act.
UKRAINE'S ENERGY FUTURE. The American Security Project holds a discussion on "Ukraine and its future in the world - energy resources, the European Union, Russia and its relations with the United States."