The End of Global Warming

Noah Smith writes in The Atlantic: Here is the good news. US carbon emissions are decreasing rapidly. We're down over 10% from our emissions peak in 2007. Furthermore, the drop isn't just a function of the Great Recession. Since 2010 our economy has been growing, but emissions have kept on falling. The reason? Natural gas. With the advent of "fracking" technology, the price of gas has plummeted far below that of coal, and as a result, essentially no new coal plants are being built. Although gas does release carbon, it only releases about half as much as coal for the same amount of electricity. This is why -- despite our failure to join the Kyoto Protocol or impose legal restrictions on CO2 -- the United States is now outpacing the rest of the developed world in reducing our contribution to global warming...