Interim Update On Biden Administration Climate Change Initiatives

Interim Update on Biden Administration Climate Change Initiatives

The last edition of the Climate Report discussed President Biden's signing, on his first day in office, of an instrument for the United States to re-join the Paris Agreement on controlling climate change and his issuance one week later of Executive Order 14008 on "Tackling the Climate Crisis." The Administration is moving to implement the measures promised by these actions, including:

Greenhouse Gas Reduction Target

President Biden formally committed the U.S. to achieving a 50% reduction in net greenhouse gas emissions by 2030. It will take substantial reductions in emissions by nearly every sector, especially power generation and transportation, to achieve this goal. In addition, the focus on "net" emissions is important because it suggests a significant role carbon capture and other offset efforts.