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Assessing the Climate Impacts of the Manchin-Barrasso Bill's LNG Title [1]
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Date: 2024-07-25 22:33:38.039000+00:00
Click below to download the analysis:
The Impacts of the Manchin-Barrasso Permitting Bill’s LNG Provisions - August 2 2024 update .pdf Download PDF • 223KB
"We permanently end President Biden’s reckless ban on natural gas exports."
Senators Joe Manchin and John Barrasso, July 22, 2024 press release
This analysis examines the climate impacts of Title VI, “Liquefied Natural Gas Exports,” based in part on my 2023 study, Status of U.S. LNG Export Permits and Associated Greenhouse Gas Emissions. This analysis does not provide a comprehensive assessment of the Manchin bill. The titles that are not assessed here could both significantly decrease emissions (in the case of transmission permitting reform) and significantly increase emissions (in the case of oil, gas and coal leasing).
Top Findings
If enacted, Title VI of the Manchin-Barrasso bill would:
(1) Lock in new greenhouse gas emissions equivalent to 165 coal-fired power plants or more (using a full accounting of direct emissions to the atmosphere). The LNG provisions are expected to create between $27-80 billion per year (up to $1.7 trillion through 2050) in climate damages. The climate impact is lower – equivalent to 150 coal-fired power plants – when netting out average emissions from displaced energy.
(2) Roll back the clock to Trump-era climate math in order to circumvent US climate commitments.
(3) Erase the climate benefits of building 50 major renewable electricity transmission lines.
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[1] Url:
https://www.symonspa.com/post/assessing-the-climate-impacts-of-the-manchin-barrasso-bill-s-lng-title
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