Onyx Power and Gas Consulting continues with its weekly series providing the Short-Term Energy Outlook as of June 11, 2019. This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and come back each week for additional information on how all sorts of energy sources impact our daily lives.
U.S. Economic Assumptions and Energy-Related Carbon Dioxide Emissions
Recent Economic Indicators.
- EIA used the May 2019 version of the IHS Markit macroeconomic model with EIA’s energy price forecasts as model inputs to develop the economic forecasts in STEO. Using the IHS Markit model, EIA forecasts real GDP to grow by 2.7% in 2019 and by 2.2% in 2020, compared with 2.9% growth in 2018.
Energy-Related Carbon Dioxide Emissions.
- After rising by 2.7% in 2018, EIA forecasts that U.S. energy-related carbon dioxide (CO2) emissions will decline by 2.0% in 2019 and by 0.9% in 2020. EIA expects U.S. CO2 emissions will fall in 2019 and in 2020 because its forecast assumes that temperatures will return to near normal, and because the forecast share of electricity generated from natural gas and renewables increases while the forecast share generated from coal, which produces more CO2 emissions, decreases. Energy-related CO2 emissions are sensitive to weather, economic growth, energy prices, and fuel mix.
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