New modelling by the Energy Information Administration (EIA) shows that the U.S. will make significant progress in emissions reduction thanks to the passing of the Inflation Reduction Act (IRA). But because the U.S. will remain a net exporter of natural gas and oil until 2050 under most scenarios, there will be a limited impact on upstream gas production.
The Annual Energy Outlook 2023 (AEO) presents an assessment by the EIA for energy markets through 2050.
This year’s outlook showed that by 2030, energy-related CO2 emissions will fall 25-38 per cent below 2005 levels.
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