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Biden Administration Plans New Paris Agreement Commitments, Revamping Electric Vehicle Subsidies, and More

Cole Martin, Charlotte Rosenblum, and Elizabeth Wason
 

Date

April 16, 2021
 

Each week, we’re compiling the most relevant news stories from diverse sources online, connecting the latest environmental and energy economics research to global current events, real-time public discourse, and policy decisions. Here are some questions we’re asking and addressing with our research chops this week:
The Biden administration is set to announce new Paris Agreement commitments. What strategies will be necessary for the United States to achieve such ambitious emissions reductions over the coming decade?

On Earth Day next week, President Joe Biden will virtually meet with dozens of world leaders to discuss the need for an ambitious global response to climate change. Conversation will likely center on the United States’ new emissions reduction goals, which the administration is set to unveil in the days leading up to the Thursday summit. While specific plans remain unclear, Biden is expected to commit to more ambitious climate targets than his two predecessors: former President Trump infamously exited the Paris Agreement, while former President Obama pledged to cut emissions by 26 to 28 percent below 2005 levels by 2025. The United Nations has made clear that global emissions must decline significantly over the coming decade, and various environmental activists and corporate leaders are calling on the administration to support emissions cuts of at least 50 percent. Just this week, over 300 chief executive officers signed a letter endorsing efforts to halve US emissions relative to 2005 levels by 2030.

https://www.resources.org/on-the-issues/biden-administration-plans-new-paris-agreement-commitments-revamping-electric-vehicle-subsidies-and-more/