FinSoul: New report predicts an increase in U.S. carbon emissions through 2011.

Jan. 13, 2010 - PRLog -- FinSoul understands that the latest report by the leading U.S. energy forecaster indicates that the nation’s greenhouse gas emissions are set to rise 1.5% in 2010 to 5.53 billion metric tons as “projected improvements in the economy” boost fossil fuel demand.

The Energy Information Agencies monthly short-term outlook predicts that chemical emissions, representing around 80% of overall U.S. emissions output will rise another 1.7% in 2011, on expected increases in coal burning at power generators as well as a slightly higher oil demand from transportation fuels as the economy stabilizes.

Regarding U.S. President Barack Obama’s pledge at the UN climate talks in Copenhagen late last year to cut CO2 emissions to 17% below 2005 levels by 2020, FinSoul believes an analyst at ClearView Energy Partners LLC was quoted as saying "It does mean the U.S. target will be more challenging, everyone expects that fossil fuel demand from transportation will eventually flatten out, but electricity demand only goes up, even with efficiency gains."


Initially Obama’s pledge looked a relatively easy goal to achieve with the U.S. pledge representing a 3% reduction in 2020 as it was not worked from 1990 as the base year used by the European Union but rather from 2005.

FinSoul has learned that the nation’s greenhouse gas emissions dropped 6.1% in 2009 to 5.4 billion metric tons as the global recession drove down industrial electricity demand and fuel consumption lessened. This, according to the EIA, was around 8.9% below the 2005 level of 5.98 billion metric tons.

The report continued that as the economy recovered industrial demand for electricity would rise an estimated 2.2% in 2010 and another 2.5% in 2011. Currently about half of U.S. electricity is generated by burning coal.

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FinSoul structures and guides greenhouse gas emission reduction projects from beginning to end, working with both project developers and buyers of emission reduction credits.