Report says shale gas boom to cut certain emissions in U.S., boost GDP

10/21/2013 | Washington Post (tiered subscription model), The

The rapid development of shale natural gas in the U.S. will not significantly reduce the country's carbon footprint because cheap gas will supplant low-carbon energy sources, according to a report from Stanford's Energy Modeling Forum. However, it will increase the country's gross domestic product by about $70 billion annually over the next several decades, and the use of shale gas could help reduce air pollutants by replacing other energy production, such as coal, the report said. "[A]verage emission damages decline by $1 billion each year (2010 dollars) for sulfur dioxide and by $0.25 billion each year for nitrogen oxides."

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