Current:Home > MarketsCharles H. Sloan-The U.S. could slash climate pollution, but it might not be enough, a new report says -Blueprint Money Mastery
Charles H. Sloan-The U.S. could slash climate pollution, but it might not be enough, a new report says
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-07 03:49:33
The Charles H. SloanUnited States is poised to make much deeper cuts to the pollution that's fueling global warming than it was even a couple years ago. That's largely because of the billions of dollars the country is spending on green technologies through the Inflation Reduction Act (IRA), which Congressional Democrats passed last summer, according to a new report from Rhodium Group.
The research firm says that by 2030, the U.S. could lower its greenhouse gas emissions by 29% to 42%, compared to 2005 pollution levels. At the start of the Biden administration, Rhodium Group analysts said it looked like the country would only be able to cut its emissions by about a quarter, at most. The changed outlook reflects expectations that huge investments by the federal government will make things like renewable energy and electric vehicles a lot more affordable.
But big barriers still stand in the way. Companies that build wind and solar plants often struggle to get projects permitted by local governments because of public opposition. And there are long waiting lines to plug in power plants and batteries to the country's electric grids. To make the kinds of emissions cuts that the Rhodium Group says are possible, the U.S. will have to at least match its best-ever year for wind and solar development, and it will have to do it year after year.
And even if everything goes right, it still won't be enough to deliver on a pledge the U.S. made under the 2015 Paris Agreement to cut its emissions in half by the end of this decade. Meeting that target will require even more aggressive actions by states and the federal government, Rhodium Group says.
"You're gonna need to figure out how to build out a whole bunch of wind and solar, get a bunch of electric vehicles on the road and that kind of thing," says Ben King, an associate director in the firm's energy and climate practice.
"The IRA is the push, the economic push that you need, and you just gotta clear the way for it and not let it encounter so many headwinds," King adds.
A recent report from the United Nations warned that the world is running out of time to keep temperatures from rising to levels that could be catastrophic for many places. The Earth is already nearly 2 degrees Fahrenheit warmer than it was in the late 1800s, and it's on track to exceed 5 degrees Fahrenheit of warming by the end of the century, according to the U.N. Beyond about 2.8 degrees Fahrenheit of warming, storms, heat waves and other climate impacts become far more destructive.
Limiting the rise in global temperatures will require an international response. But as the largest historical contributor to climate change, the U.S. "needs to lead that effort," says Aiguo Dai, a professor of atmospheric and environmental science at the University of Albany.
"If the U.S. can start cutting down the emissions, steadily year over year, decade over decade, then we are on the right path to limit global warming," Dai says.
However, scientists say time is of the essence. At the slow current pace countries are cutting emissions, warming is on track to trigger runaway impacts that could lead to permanent changes in the Earth's ecosystems.
"If we cut it too [slowly], it could be difficult to avoid catastrophic warming in the near future," Dai says.
veryGood! (479)
Related
- Trump wants to turn the clock on daylight saving time
- Carlee Russell Found: Untangling Case of Alabama Woman Who Disappeared After Spotting Child on Interstate
- Chicago, HUD Settle Environmental Racism Case as Lori Lightfoot Leaves Office
- Save Up to 97% On Tarte Cosmetics: Get $252 Worth of Eyeshadow for $28 and More Deals on Viral Products
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Gigi Hadid Is the Girl With the Dragon Tattoo After Debuting Massive New Ink
- States Test an Unusual Idea: Tying Electric Utilities’ Profit to Performance
- Climate Change Forces a Rethinking of Mammoth Everglades Restoration Plan
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Q&A: Linda Villarosa Took on the Perils of Medical Racism. She Found Black Americans ‘Live Sicker and Die Quicker’
Ranking
- Trump invites nearly all federal workers to quit now, get paid through September
- From the Frontlines of the Climate Movement, A Message of Hope
- Clean Energy Experts Are Stretched Too Thin
- Joe Jonas Admits He Pooped His White Pants While Performing On Stage
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- A New Report Is Out on Hurricane Ian’s Destructive Path. The Numbers Are Horrific
- What to Know About Suspected Long Island Serial Killer Rex Heuermann
- Meet the Golden Bachelor Gerry Turner: All the Details on the 71-Year-Old's Search for Love
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
North West Meets Chilli Months After Recreating TLC's No Scrubs Video Styles With Friends
Operator Error Caused 400,000-Gallon Crude Oil Spill Outside Midland, Texas
Clean Beauty 101: All of Your Burning Questions Answered by Experts
North Carolina justices rule for restaurants in COVID
EPA Spurns Trump-Era Effort to Drop Clean-Air Protections For Plastic Waste Recycling
Ariana Grande and Dalton Gomez Break Up After 2 Years of Marriage
Not Winging It: Birders Hope Hard Data Will Help Save the Species They Love—and the Ecosystems Birds Depend On