Biden summit triggers bolder climate pledges

Progress on limiting temperature rises to no more than 1.5°C to become clearer by year-end

April’s Leaders’ Summit on Climate provided US president Joe Biden with the first opportunity to burnish his climate credentials. It also triggered a round of upgraded climate commitments from other rich nations ahead of the UN’s Cop26 talks later this year. However, experts were quick to point out that the US’—and indeed the world’s—new and upgraded emissions reduction targets are still a long way off where they need to be to achieve the goals of the Paris Agreement. 42pc – Renewables' forecast share of US power generation by 2050 Biden pledged to cut US greenhouse gas (GHG) emissions by 50pc to 52pc from 2005 levels by 2030. The previous pledge, made by former President Oba

Welcome to the PE Media Network

In 2021 Petroleum Economist is joined by Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

Want to read more?

Please choose from one of the following options:

Already registered?
Click here to log in Subscribe now
to get full access to PE + HE + TE editorial and data Register now
to receive our newsletters and unlock up to three articles per month for free Any questions?
Contact us

Comments

{{ comment.comment.Name }} Editor • {{ comment.timeAgo }}

Also in this section

UK includes aviation and shipping in emissions targets

21 October 2021

The country’s recently published Net Zero Strategy aims to reduce transport emissions by 22-33pc by 2030 and 46-59pc by 2035 compared with 2019 levels

UK to unlock £90bn transition investment by 2030

20 October 2021

Renewables, CCS, nuclear and hydrogen are all earmarked for government support, according to a recently published strategy

Iraq’s two months in the sun

19 October 2021

Baghdad has recently pulled off a string of deals promising a manyfold expansion in solar capacity