· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on Forbes or enjoy below
🗞️ Driving the news: The U.S. is focusing on decarbonizing transportation (28%), electricity (25%), and industrial sectors (23%)
• Despite the measures, there is still a shortfall in achieving the 50-52% reduction
• Rhodium Group’s report emphasizes the need for new laws and regulations
🔭 The context: In April 2021, the U.S. announced plans to reduce GHG emissions by 50-52% from 2005 levels and achieve net-zero by 2050
• This involves the Inflation Reduction Act (IRA), Bipartisan Infrastructure Law (BILBIL), and complementary measures such as the national target for electric vehicles and carbon-free electricity
🌎 Why does it matter for the planet: The U.S.'s approach targets multiple sectors, with agricultural innovation, sustainable urban development, and green upskilling playing key roles
• This multifaceted strategy could become a model for achieving substantial GHG emission reductions
⏭️ What's next: For the plan to work, new technologies must be developed, and investments made in sustainable agriculture and clean energy
• The U.S. must also promote sustainable infrastructure in cities and focus on upskilling workers for the era of energy transition
💬 One quote: “It will be essential that the U.S. shift to low-carbon farming practices like regenerative agriculture, which have the potential to eliminate 250 million metric tons of CO2 per year, equivalent to 5% of U.S. emissions.” (Nancy Pfund, founder and managing partner at DBL Partners)
📈 One stat: Rhodium Group’s report shows the U.S. is on track for a 32-42% reduction in GHG emissions below 2005 levels in 2030
Click for more news covering the latest on environmental sustainability
