In a widely anticipated announcement made at the commencement of the Leaders Summit on Climate, President Biden committed the United States to a 50-52 percent reduction in greenhouse gas (GHG) “pollution” from 2005 levels by 2030.
The announcement also notes that President Biden fulfilled his promise to rejoin the Paris Agreement and set a course for the United States to tackle the climate crisis at home and abroad, reaching net zero emissions economy-wide by no later than 2050. It states:
“As part of re-entering the Paris Agreement, he also launched a whole-of-government process, organized through his National Climate Task Force, to establish this new 2030 emissions target – known as the “nationally determined contribution” or “NDC,” a formal submission to the United Nations Framework Convention on Climate Change (UNFCCC).”
Continue reading on MayerBrown.com for more details on the announcement’s stated requirements to meet the GHG reduction target, as well as details on the Biden administrations approach in developing the target.
The post Biden Administration Pledges 50-52% GHG Reduction by 2030 appeared first on Eye on ESG.