Archive for the ‘mckinsey’ Category

Hysteria from McKinsey: Costs of Reducing U.S. Greenhouse Gas Emissions

December 3rd, 2007 No comments

McLinsey released an interesting report on November 30.  Details here:

The summary of the summary? 

Consensus is growing among scientists, policy makers, and business leaders that concerted action will be needed to address rising greenhouse gas (GHG) emissions in the United States. The discussion is now turning to the practical challenges of where and how emissions reductions can best be achieved, at what costs, and over what periods of time.

“The central conclusion
The United States could reduce GHG emissions in 2030 by 3.0 to 4.5 gigatons of CO2e using tested approaches and high-potential emerging technologies. These reductions would involve pursuing a wide array of abatement options with marginal costs less than $50 per ton, with the average net cost to the economy being far lower if the nation can capture sizable gains from energy efficiency. Achieving these reductions at the lowest cost to the economy, however, will require strong, coordinated, economy-wide action that begins in the near future.”

Categories: climate, enviros, mckinsey Tags: