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Joe Biden s Climate Pledge Isn t Fair or Ambitious
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Panama Canal Begins Transition to Become Carbon Neutral by 2030 | Hellenic Shipping News Worldwide
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Dive Brief:
The United States will work to cut economy-wide greenhouse gas emissions by up to 52% by 2030 relative to 2005 levels, President Joe Biden announced on Thursday ahead of an Earth Day climate summit with other world leaders.
The goal advances previous targets set by President Barack Obama, to reduce emissions up to 28% below 2005 levels by 2025. Since taking office, Biden has also rejoined the Paris climate accord, which President Donald Trump abandoned, and has advanced a jobs and infrastructure plan that hinges on eliminating economy-wide carbon emissions by 2050.
S&P Global said utilities have a relatively clear path to decarbonization, through renewables and storage, and warned there are risks to the global economy should efforts to address climate risks fail.
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Climate aqctivists have been pressuring the Biden administration to enact real climate change laws. Image: Twitter/@@AndyVermaut
Reuters -The United States said Thursday it would boost public climate finance to help poor countries reduce greenhouse gas emissions and adapt to climate change, doubling funding by 2024 from high average levels hit during the Obama administration.
The White House said it was embracing “ambitious but attainable goals” for international aid to developing countries, given the urgency of climate change and to compensate for a sharp drop in U.S. funding during the Trump administration.
The White House said that by 2024 it would triple financing of climate adaptation, which focuses on adjustments to current or expected climate change. It said it would work with Congress to enact needed legislation.