The New US Climate Law Will Reduce Carbon Emissions and Make Electricity Less Expensive, Economists Say

Chile has set an ambitious target to convert 70% of its total energy consumption to renewables by 2030 and become carbon neutral by 2050. Through broad-based political support, public-private partnerships, and innovative green technologies, Chile offers a playbook for policymakers around the world to transition towards renewable energy.

Chile has set an ambitious target to convert 70% of its total energy consumption to renewables by 2030 and become carbon neutral by 2050. Through broad-based political support, public-private partnerships, and innovative green technologies, Chile offers a playbook for policymakers around the world to transition towards renewable energy.

Takeaways:

  • Experts are saying that U.S.’ new climate law will bring U.S. greenhouse gas emissions about 40 percent below 2005 levels by 2030.
  • U.S. consumers are also expected to save money on their electricity bills; more than $200 billion over the next decade.
  • Federal policy that encourages more deployment of clean energy will also protect consumers from volatility in natural gas prices.

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