New Greenhouse Gas Reduction Goals

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During the recent virtual Leaders Summit on Climate, President Biden announced his goal to cut greenhouse gas (GHG) emissions by 50-52% from 2005’s levels by the year 2030. This more than doubles the previous US goals set in 2015 to cut emissions by 26-28% by the year 2025. Additionally, President Biden also set a target to have net zero emissions economy-wide no later than the year 2050. The focus on environmental standards would allow for new infrastructure and thus new technologies and job creation.

Biden also re-entered the Paris Agreement, an international treaty with the goal to tackle climate change. Some of the main objectives include limiting greenhouse gas emissions caused by human activity to levels that the earth can naturally absorb as well as setting national determined contributions (NDCs) that are reviewed every five years to maintain and increase climate change momentum.

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