How to Reduce Carbon Emissions: Drill, or Frack Baby, Frack US emissions have now fallen by 430 Mt (7.7%) since 2006, the largest reduction of all countries or regions. This development has arisen from lower oil use in the transport sector and a substantial shift from coal to gas in the power sector. So how has this reduction come about? Not through taxing and not through regulation: its come about purely as a side effect of market forces. As the shale gas revolution has continued natural gas prices have fallen to very low levels. This has displaced coal as the electricity generating fuel of choice in many areas: there are stories of coal plants shuttering as they simply cannot compete wth the price of gas fired electricity generation. How to Reduce Carbon Emissions: Drill, or Frack Baby, Frack - Forbes NO EPA involved! NO Govt agency just plain old market forces.. supply increases, price declines, coal not used CO2 drops. That simple!