President Joe Biden is set to announce an aggressive new target for the U.S. consisting of a 50-52% reduction from 2005 levels of greenhouse gas pollution by 2030. CNBC’s Diana Olick reports. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
President Joe Biden is pledging to reduce U.S. greenhouse gas emissions by 50% to 52% by 2030, in the latest push by the administration to aggressively combat climate change.
The target, announced Thursday, more than doubles the country’s prior commitment under the 2015 Paris climate agreement, when the Obama administration set out to cut emissions 26% to 28% below 2005 levels by 2025. The U.S. is currently not yet halfway to meeting that goal.
Biden’s pledge on Earth Day is in line with what environmental groups and hundreds of executives at major companies have pushed for. The president will announce the target at the closely watched global leaders’ climate summit on Thursday and Friday, during which he hopes to urge global cooperation to address the climate crisis.
“This is the decisive decade,” Biden said at the summit on Thursday morning. “This is the decade that we must make decisions to avoid the worst consequences of the climate crisis.”
“This is a moral imperative. An economic imperative. A moment of peril, but also a moment of extraordinary possibilities,” the president said.
All 40 world leaders the president invited to the virtual summit will be attending, including those from China and India, and are anticipated to make new commitments. The U.K. and European Union have committed to slash emissions by 68% and 55%, respectively, by 2030. China, the world’s biggest emitter, has vowed to reach peak emissions by 2030 and be carbon neutral by 2060.
During the summit, Chinese President Xi Jinping repeated the country’s previous commitments and emphasized green development and multilateralism to reduce global emissions.
Indian Prime Minister Narendra Modi called for concrete action on climate change and announced an India-U.S. Climate and Clean Energy Agenda Partnership for 2030. He also re-confirmed the nation’s vow to install 450 gigawatts of renewable energy by 2030.
Japan’s prime minister Yoshihide Suga announced a stricter emissions target of 46% reduction by 2030. Canada also updated its target and vowed to reduce 2005 emission levels by 40-45% by 2030.
The summit is a chance for the U.S. to rejoin global efforts on climate after then-President Donald Trump pulled out of the Paris accord, halted all federal efforts to reduce domestic emissions and rolled back more than 100 environmental regulations to favor fossil fuel production.
“I’m delighted to see that the United States is back, is back to work together with us in climate politics,” German Chancellor Angela Merkel said during the summit.
British Prime Minister Boris Johnson, who this week announced that Britain would slash emissions by 78% by 2035, praised Biden “for returning the United States to the front rank of the fight against climate change.”
“It’s vital for all of us to show that this is not all about some expensive politically correct, green act of bunny hugging,” Johnson said. “This is about growth and jobs.”
Biden’s pledge also moves forward his campaign promise to decarbonize the country’s energy sector by 2030 and put the country on a path to net-zero emissions by midcentury.
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Comments
Cadaver Joe has never done a day of work in his life.
When will Brandon trade in his vintage Corvette for a Tesla? Clowns!
Great timing JOE, All thats going on at home and the world and this is what he comes up with. See if we can raise shipping prices ieven more. What an Idiot
“New bovine cork requirements to be implemented by January 1st, 2022”…
How is he going to do that when he cant even read a sentence or put on his own socks?
This is what he's going to mess up next
Don't overlook that part of the WEF statement regarding the"Great Reset" is that people will no longer have meat to eat except on special occasions. This sounds like a step in that process.
2005 Levels? You have to reduce 45-50% of carbon emissions globally by 2030 from 2010 levels.
Doesn’t matter Because China emits more greenhouse gas than the entire developed world combined. Biden won’t stop them.
Biden if he Tried will Never see that happen ! I doubt he has 20 or 30 Minutes left !
he can say anything because he will not be alive in 2030
What are the emissions from all the imported junk products that get thrown away, and replaced with more of the same?
Yeah sure, what are the emissions from these stupid evelasting wars?!
Anyone wondering if he'll even be cognizant of 2030?
This will get about as far as it did under, the now quite rich, Al Gore, and his failed crusade. This is a power grab masquerading under the guise of caring for our planet. Anyone who questions the moves of Biden or Kerry hates the earth. It is really a clever move on their part both domestically and internationally.
I hate the Mainstream Media.. they LIE ans I cannot stand the lying Democrats who work for the Cabal.. Biden is only copying Trump a lot of FAKE talk he won’t do anything about jobs he took jobs away.. clean energy is the notvthe New Green deal it s all about enslaving us to the New World Order!!!
Compare and contrast:
1. POTUS
2. Potato
That's a relief, at first sight of the thumbnail I thought we had a second Psaki, an abomination plus 1.
The next nuclear war will pretty much negate any gains made……
Laaaame….
Horse cr*p. Meanwhile China and India build Coal fired power plants. Only purpose of this nonsense is to destroy the economic viability of the nation state , and ours in particular . All to benefit the 1% .
The drop in green house gas will only offset the hot air coming out of this administration yielding net zero gain.
Joe, does this sound familiar? Though the godless man's pride reaches to the heavens and though his head touches the clouds, yet he will perish forever, thrown away like his own dung.
All while China and India are building hundred of new coal fired power plants every year.
Has anyone done an environmental impact study on the recycling and disposal of 100 of millions of electric powered car and truck batteries?
I like Trump's plan better. It was growing trees. That way we can all keep our freedom.
Cut gas in half and let the nuke water flow into the ocean. USA morons.
I wonder if Biden knows that methane is a green house gas and maybe we can retrofit all the chairs in Congress to catch that gas
Finally a good news. Hey others world leader, if you want to test if he is telling the truth, he will closed is famous LAS VEGAS city and his golf in California and Nevada draining all the fresh waters and good electricity. Today, he plan to open a new big big casino in this famous city. You lie, sorry for that.
If you ain’t committed to a 50% reduction in greenhouse gases, then you ain’t black.
Biden doesn't even know what he said. It's the purple haired SJWs behind the curtain.