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[GreenYes] Re: FW: U.S. Carbon Dioxide Emissions from Fossil Fuels Virtually Unchanged in 2005 as Price Increases Dampen Energy Demand


In our Sunday paper, the Parade magazine had an article on global climate change that recommended that people contact their legislators to support a carbon tax.

One way to set a carbon tax is to look at the externalities of the environmental and other damage that carbon causes. Another way is to base the tax on control costs.

As an indication of such costs, according to www.pointcarbon.com, the most recent price of carbon dioxide trading was at just over 15 euros a metric ton.

Besides decreasing damand and reflecting externality costs, a carbon tax could be used to help finance energy efficiency and alternative energy sources.

John

-----Original Message-----
From: GreenYes@no.address [mailto:GreenYes@no.address]On Behalf Of David Biddle
Sent: Wednesday, June 28, 2006 1:52 PM
To: Greenyes List
Subject: [GreenYes] FW: U.S. Carbon Dioxide Emissions from Fossil Fuels Virtually Unchang ed in 2005 as Price Increases Dampen Energy Demand


For those interested in the latest aggregate CO2 emissions data, see below. There's nothing like high energy prices.
--
David Biddle, Executive Director
Greater Philadelphia Commercial Recycling Council
P.O. Box 4037
Philadelphia, PA 19118

215-247-3090 (desk)
215-432-8225 (cell)

< http://www.gpcrc.com>

Read In Business magazine to learn about sustainable
businesses in communities across North America!
Go to: <http://www.jgpress.com/inbusine.htm> <http://www.jgpress.com/inbusine.htm>




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Date: Wed, 28 Jun 2006 12:32:31 -0400
To: "EIA Press Releases" <eiapr@no.address>
Subject: U.S. Carbon Dioxide Emissions from Fossil Fuels Virtually Unchang ed in 2005 as Price Increases Dampen Energy Demand






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Energy Information Administration
EIA Reports
U.S. Department of Energy
Washington, DC 20585

FOR IMMEDIATE RELEASE
JUNE 28, 2006

U.S. Carbon Dioxide Emissions from Fossil Fuels Virtually Unchanged
in 2005 as Price Increases Dampen Energy Demand

U.S. carbon dioxide emissions from burning fossil fuels increased
by 0.1 percent in 2005, from 5,903 million metric tons of carbon
dioxide (MMTCO2) in 2004 to 5,909 MMTCO2 in 2005, according to
preliminary estimates released today by the Energy Information
Administration (EIA). The 2005 emissions increase was the third
smallest during the 1990 to 2005 period, exceeding only the
emissions declines recorded in 1991 and 2001.

While the economy grew by 3.5 percent between 2004 and 2005,
energy demand fell by 0.5 percent. The inflation-adjusted price
of motor gasoline rose 19 percent, and the price of residential
natural gas rose 16 percent. These price increases in oil and
gas helped contribute to the overall drop in energy demand.

Total U.S. energy-related carbon dioxide emissions have grown by
18.4 percent between 1990 and 2005. Energy-related carbon dioxide
emissions account for over 80 percent of U.S. greenhouse gas
emissions.

At the energy-sector level, preliminary data indicate that:

+ Carbon dioxide emissions in the residential sector increased
by 3.2 percent in 2005, mainly from increases in the residential
demand for electricity.

+ Emissions from the commercial sector increased by 1.9 percent
in 2005, also due mainly to increased electricity demand.

+ Industrial emissions fell by 3.3 percent in 2005 as the U.S.
economy continued to move away from heavy manufacturing and as
petroleum and natural gas prices rose.

+ Transportation-related carbon dioxide emissions, which account
for about a third of total carbon dioxide emissions, increased
by 0.2 percent in 2005. Emissions related to gasoline demand
decreased by 0.4 percent, emissions related to diesel fuel grew
by 1.0 percent and jet fuel emissions decreased by 0.5 percent.

U.S. carbon dioxide intensity (energy-related carbon dioxide
emissions per unit of economic output) fell by 3.3 percent in 2005.
From1990 to 2005, the carbon dioxide intensity of the economy fell
by 24.3 percent. By 2004 (the latest year of data for all
greenhouse gases), carbon dioxide intensity had fallen by 21.8
percent and emissions of total greenhouse gases per dollar of GDP
had fallen by 23.4 percent. The 3.3-percent drop in carbon dioxide
intensity of the economy in 2005 is greater than the average
reduction of 1.8 percent per year experienced since 1990.

EIA will continue to refine its estimates of 2005 carbon dioxide
emissions as more complete energy data become available. A full
inventory of 2005 emissions of all greenhouse gases will be
available in November using revised energy data and providing a
further analysis of trends.

The preliminary estimates are on EIA's web site at:

http://www.eia.doe.gov/oiaf/1605/flash/flash.html

______________________________________________________________________

The analysis described in this press release was prepared by the
Energy Information Administration, the independent statistical and
analytical agency within the U.S. Department of Energy. The information
contained in the press release and the analysis should be attributed
to the Energy Information Administration and should not be construed as
advocating or reflecting any policy position of the Department of
Energy or any other organization.
______________________________________________________________________

-EIA-

EIA Program Contact: Perry Lindstrom, 202/586-0934;
Paul McArdle, 202/586-4445

EIA Press Contact: National Energy Information Center, 202/586-8800

EIA-2006-04


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