Mitigation Potential Methods of Measurement: Economic Potential

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Several studies have evaluated the economic potential of employing low-carbon technologies.  These studies focused on energy supply and demand and their implications for the anticipated consequences of mitigating carbon dioxide.  Analyses indicate that cost-effective and energy-efficient strategies for reducing carbon emissions exist but are underutilized.  It was determined that fuel balancing will decrease emissions up to 3%, but that fuel switching (to such energy sources as natural gas and hydrogen), plant improvements, and renewable energy substitutions will be necessary to reduce carbon emissions beyond 3%.