President Obama worked with global heads of state in
Copenhagen, Denmark, in late December 2009 to reach a
climate agreement called the "Copenhagen Accord." The
president called the accord a first step in ensuring
international action to reduce global greenhouse gas
emissions.
Crude oil, taxes, refining, distribution and marking are the four main components that make up the retail price of a gallon of gasoline. (Source: EIA)
Electricity generation accounts for about 40% of total U.S. energy consumption. (Source: Institute for 21st Century Energy)
The United States makes up 5% of the world's population and accounts for 25% of total energy use.
Today’s challenges of reducing greenhouse gas emissions while meeting the country’s steadily rising demand for electricity make it essential for legislatures and public utility commissions to shift their focus toward mechanisms that make demand reduction as profitable for utilities as increasing supply. (Source: Institute for 21st Century Energy)
Fossil fuels provide more than 85% of all the energy consumed in the US, nearly two-thirds of our electricity, and virtually all of our transportation fuels. (Source: DOE)
