Uncle Sam is showing the world that carbon emissions can be cut sharply and cheaply. Just consider these facts.
US energy related carbon emissions in 2012 will fall below 5,300 million tons or down about 12%, compared to the peak emissions of 6,023 million tons in 2007. Through this September, carbon emissions have been down every month in 2012, when compared to each of the first 9 months of 2011 and 2010. No other country matches that record. www.eia.gov/totalenergy/data/monthly/pdf/sec12_3.pdf/sec12_3.pdf/.
It is a true American triumph that energy related carbon emissions will be down in 2012 another 4% from 2011 levels and will be back to approximately 1995 levels. The carbon clock has rolled back 17 years, and 2012 emissions will be even less than in the near-depression year of 2009.
US GDP has grown every quarter since July 1, 2009, and today our economy is bigger than it was in 2007, the peak carbon emission year. Yet, even with an economy in 2012 that is bigger than in 2007, our carbon emissions will be 12% lower than they were in 2007.
Only the USA has had a shale gas boom and only the USA has cut substantially its carbon emissions since 2006.
The shale gas boom is a product of fracking, a technology which has not only been around for decades but has apparently been found to be safe in a controversial and not-officially-released analysis prepared for New York Gov. Andrew Cuomo. Cuomo has been sitting on the report while deciding whether to allow expansive fracking in the Empire State.
Back in 2011 - long before Matt Damon's anti-fracking movie Promised Land was even a glimmer in the bank account of eventual funders in the oil-rich UAE - Reason's Science Correspondent Ronald Bailey explained fracking (including how much greens used to love it until its success and safety record starting imperiling interest in subsidizing solar and wind tech).