This phenomenon is known as the rebound effect. If consumers respent their saved income on consumer goods, which require energy, the net energy savings would only be .07 percent, and the net carbon reduction just 2 percent.18 It is for that reason that reducing carbon emissions in energy, not food or use of land more broadly, matters most. And energy includes electricity, transportation, cooking, and heating, nearly 90 percent of which globally are fossil fuels.