across their energy sector. Across the industry, the researchers found that about one-seventh of the utility pledge reductions will inevitably happen due to state restrictions and policies.The researchers also wrote that between 2005 and 2018, emissions have dropped by about 25 percent, thanks to new advances in low- or no- emitting energy technology and supportive policies.
“There are literally trillions of dollars under management,” US climate envoy John Kerry said during an interview at the Reuters Next conference,. “There’s a great deal of money chasing good projects and good deals. I believe the private sector has the ability to win this battle for us.” Still, every company measures and reports emissions differently. Some reports on emissions don’t always outline how emissions were reduced or if offsets were included in their emissions reduction plans, Galik says. “We had to make some assumptions,” he says. “Some utilities would say ‘net zero,’ which means that they may still be emitting, but they’re offsetting those remaining emissions.”
He says that how valid those offsets are is still a bit of a mystery, and utilities must be more transparent about the offsets and carbon reduction strategies they choose.in the United States, which is why Galik emphasizes that any reduction, whether based on policy or voluntary action from utility companies, is important for helping lower overall emissions in the country.
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