A report released by the U.S. Energy Information Administration states that extending certain government policies currently in place could reduce annual energy-related carbon dioxide emissions in the U.S. The reduction would be about 6 percent relative to projections if the policies are not extended, according to the EIA, achieving a total emissions saving of nearly 5 billion metric tons between 2013 and 2040.
Policies that would need to be extended to achieve the reduction include the production tax credit for wind, biomass, geothermal and other renewable resources and the investment tax credit for solar generation technologies, according to the report.
Extending the policies would also reduce energy usage in the U.S. over the same time, the report states. The EIA’s projection shows the cumulative amount of energy use between 2013 and 2040 would be about 55 quadrillion Btu lower if the policies are extended.
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