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Climate and the COVID-19 Pandemic— Implications for future energy policy and the U.S. economy
As a result of the COVID-19 pandemic, carbon emissions fell by as much as 30 percent, allowing countries around the world to experience in real-time, environmental impacts when vehicle and industrial emissions are significantly reduced. However, during the same period, U.S. economic output dropped by nearly 5% percent. What are the costs of sustained carbon reductions absent alternative fuel sources, and can we achieve similar reductions without negatively impacting the economy?
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