How Cheap Oil Complicates The Paris Climate Accord
Dec 17, 2015
Less than a month after reaching an environmental agreement in Paris, Congress voted to lift the ban on oil exports that has been in place since the 1970s.
In December 2015 at the historic COP21 climate summit in Paris, nearly 200 countries agreed to take action to reduce greenhouse gas emissions in an attempt to curb global warming. In order to comply with the agreement, the United States has made a pledge to reduce its emissions by up to 28 percent below 2005 levels by the year 2025. For a country where 40 percent of electricity production comes from coal burning power plants, reducing carbon emissions will have a significant impact throughout the economy. Along with Inside Energy, The Takeaway explores the challenges facing the energy industry and regulators in the wake of the COP21 agreement.