• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 2 hours Reality catching up with EV forecasts
  • 2 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 12 days US Oil Independence is a myth and will always be a myth
  • 1 day A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 7 days The Federal Reserve and Money...Aspects which are not widely known
  • 16 days Natural gas price to spike when USA is out of the market
  • 12 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 15 days "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 15 days *****5 STARS - "The Markets are Rigged" by The Corbett Report
Extremely Tight Market Could Push Copper Prices To Record Highs

Extremely Tight Market Could Push Copper Prices To Record Highs

Investors are turning increasingly bullish…

U.S. Emissions Jumped In 2021 As Coal Power Generation Surged

U.S. economy-wide emissions jumped last year from the low levels in 2020 due to the COVID lockdowns, largely because of soaring coal-fired power generation in America, independent research provider Rhodium Group said in a new report on Monday.

U.S. greenhouse gas emissions surged by 6.2 percent in 2021 compared to 2020, Rhodium Group said in its preliminary estimates, which put the United States further off track to achieve the Biden Administration's climate goals.

Emissions remained 5 percent below pre-pandemic levels, Rhodium Group said, but noted that greenhouse gas emissions rose faster than the growth in U.S. economy last year, largely due to a jump in coal-fired power generation, which increased by 17 percent from 2020, and a rapid rebound in road transportation, primarily freight.


The electric power sector, which accounts for 28 percent of net U.S. emissions, saw the second-largest increase in GHG emissions from 2020 levels. Last year, emissions from the electric power sector rose by 6 percent compared to the previous year, but they were still 4 percent lower than 2019 levels. The sector's increase in emissions was due to a sharp rise in coal generation, which rose for the first time year-over-year since 2014, according to the U.S. Energy Information Administration, Rhodium Group said.

More than doubled natural gas price in 2021 compared to 2020 was the main driver of the jump in coal use for power generation in America last year, the research group added.


"The uptick in GHG emissions in 2021 moves the country even further from meeting its Paris Agreement climate target of reducing emissions 50-52% below 2005 levels by 2030," Rhodium Group said in the report.

"In 2020, due to the economic impacts of the COVID-19 pandemic, emissions fell to 22.2% below 2005 levels. In 2021, US emissions ticked up to 17.4% below 2005 levels," it added.

"We really need to escalate annual emissions reductions; we can't have any more years of emissions growth," Kate Larsen, a partner at Rhodium Group and a co-author of the report, told CNN.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News