President Biden Commits To Slashing U.S. Carbon Emissions in Half by 2030 - Foreign Trade Co

President Biden Commits To Slashing U.S. Carbon Emissions in Half by 2030

President Joe Biden has officially announced a pledge to cut U.S. greenhouse gas emissions by 50 percent by 2030.

According to the Biden administration, it is set to invest in infrastructure to combat pollution and improving American production of clean energy technologies for use at home and abroad. The target more than doubles America’s previous commitment under the 2015 Paris climate agreement.

The announcement was made at the closely watched global leaders’ climate summit earlier this week, during which President Biden said, “This is the decisive decade. 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.” In a recent White House report, the administration alludes to the new goals creating “millions of good-paying, union jobs.”

Following President Biden’s announcement, other world leaders including Canada’s Prime Minister Justin Trudeau said that the country is also looking to cut carbon emissions by at least 40 percent by 2030. Japanese Prime Minister Yoshihide Suga committed to setting a target of reducing carbon pollution by 46 percent and South Korea President Moon Jae-in said the country will no longer be financing coal abroad and are looking to improve their emission targets, too.