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Why this Matters: In order for Biden to meet his 2030 goal, the US needs to cut 1.7 billion to 2.3 billion tons of GHGs. For perspective, the reductions would be the equivalent of removing all US passenger vehicles from the road, or the combined annual emissions of Texas and Florida combined.
This new set of provisions could be a big help in accomplishing this. Rhodium Group President John Larsen told CNN, “We estimate that this could close about half the gap between where the US is likely to be and where it needs to be to hit the target.”
“This is a really big deal,” Larsen continued, “It would be the single largest action the federal government’s ever taken to deal with climate change.”
Transitioning to Cleaner Energy
One-fifth of the $3.5 trillion budget bill is devoted to environmental concerns. The clean electricity program, tax credits, and funding for rural electric cooperatives would be the most effective of the six provisions and remove up to 715 million tons of GHGs.
By Amy Lupica, ODP Daily Editor Atmospheric carbon dioxide levels have hit a three-million-year high, according to a World Meteorological Organization (WMO) report published yesterday. Despite a brief dip in emissions in 2020 due to the COVID-19 pandemic, the overall trend of increasing emissions continues, indicating last year’s dip had little to no impact on […]
By Natasha Lasky, ODP Staff Writer A report in the Dasgupta Review shows that by using a fiscal lens to view Earth’s growing biodiversity loss, we can see how it links to economic development. By viewing nature as an asset like “produced capital (roads, buildings and factories)” or “human capital (health, knowledge and skills)” — […]
By Natasha Lasky, ODP Staff Writer While coal use is a leading source of greenhouse gas emissions, another industry is set to outpace it: plastic. A new report from Bennington College and Beyond Plastics estimates the plastic industry emits over 232 million tons of greenhouse gases each year, the equivalent of 116 coal-fired power plants. […]
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