The shift from coal to natural gas to produce electricity is important. Clearly reduces carbon di-oxide emissions. Increased use of natural gas as we transition to less carbon intensive energy systems. That is why, I do have a problem with some of my friends who oppose fracking under any circumstances. I strongly advocate policies that promote responsible fracking to produce shale gas, not only in the United States, but worldwide.
The transportation sector is also making steady progress in reducing the carbon intensity. Hybrid vehciles, electric vehicles are steadily gaining market share, aided by government policies. I am impressed when I see in recent news reports that the market capitilization of Tesla, an electric vehicle manufacture, now exceeds that of Fiat. I realize that other electric vehicle start-ups have not been all that lucky, but that is the nature of the market place. I hope this trend continue as well.
I am confident that the decarbonization of the energy sector will continue, albeit at a moderate pace as new competritive enrgy technologies evolve. It may be worthwhile to reduce our rhetoric (on both sides) about climate change and encourage and support the decarbonization process already under way.