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The report points out that in 2014, the global economy grew at 3 percent but energy-related carbon dioxide emissions stayed flat, the first time this has happened in 40 years. In that same year, renewables accounted for nearly half of all new power generation and the energy intensity of the global economy dropped by twice as much as it has on average annually over the past decade. How? Well, there is an ongoing revolution taking place in energy technology. Natural gas is better than coal, but its production, transport and use release significant amounts of methane, which has much worse effects on the climate than carbon dioxide. The good news is that serious studies have found that these emissions could be reduced relatively cheaply with new regulations. Krupp points out that if the same is done globally, that would have the same impact on the climate over the next 20 years as would shutting down 1,000 coal-fired power plants.
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