U.S. Carbon Output to Fall to 1970s Levels by 2040: Exxon
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The U.S. will reduce carbon-dioxide emissions in 2040 to levels last seen in the 1970s as the use of natural gas and renewables increases and efficiency measures cut demand, Exxon Mobil Corp. said.
Energy-related emissions will fall 25 percent in part because of a “pronounced shift away from coal in favor of less-carbon-intensive fuels such as natural gas,” the Irving, Texas-based company said in a U.S. energy outlook report today. U.S. coal consumption will plummet more than 65 percent by 2040 and a 5 percent reduction in energy demand will also help cut emissions, according to the report.