December 14 -- Oil, coal and natural gas have powered the U.S. energy demand for generations. Yet now that the U.N. Climate Change Conference appears to have set a landmark agreement, can clean energy replace carbon-intensive sources going forward?
On Saturday, officials from 195 countries in Paris unveiled what France's Foreign Minister called an 'historic' agreement to curb carbon emissions. The deal—a culmination of 2 weeks of marathon talks—still requires the approval of delegates from around the world. In an interview with CNBC this week, one top U.S. official hailed the talks as a major achievement.
"We recognize fossil fuels will continue to be a part of the portfolio for quite a long time," U.S. Energy Secretary Ernest Moniz told CNBC's "On the Money" in an interview. Moniz, who was in Paris recently for climate talks, said he is seeing progress and a "strong commitment" to reduce carbon emissions.
"Almost every country in the world...declared their targets to cut down on (greenhouse gas) emissions, pretty substantially." >>View Article