WaExaminer: One of the biggest unanswered questions in the next decade is how quickly the United States can decarbonize the transportation sector, researchers from BloombergNEF say.
The market hasn’t driven a transition to low-carbon technologies in the transportation sector as quickly as it has for utilities, which have benefited from falling costs for natural gas and renewable energy over the last decade, according to data from BloombergNEF, which provides analysis and forecasts across the energy landscape for industry, financial professionals, and policymakers.
U.S. electric power emissions dropped by nearly a quarter between 2010 and 2019, whereas transportation emissions bumped up 5%, according to BloombergNEF’s new Sustainable Energy Factbook released Thursday. For the last few years, transportation has surpassed electric power as the largest-emitting sector of the U.S. economy.
The report, presented Feb. 13with the Business Council for Sustainable Energy, takes stock of the biggest energy trends in 2019 and how the energy landscape has shifted over the last decade. read more