The U.S. is making progress in reducing its greenhouse gas emissions, but not enough to meet its target set under the Paris Climate Agreement, according to a new analysis from Rhodium. The U.S. pledged to reduce emissions by at least 50% below 2005 levels by 2030, but the report projects a decrease of only 32% to 43%. Clean energy investment is increasing rapidly, with record amounts of solar power and clean energy storage added to the grid. However, challenges remain, such as data centers increasing electricity demand and political divisions on climate policies as the election approaches.
The report emphasizes the need for new policy measures to accelerate the energy transition and reach emissions goals. To achieve a 43% reduction by 2030, the rate of added clean energy capacity would need to increase significantly. Barriers like building transmission lines, securing permits, and finding suitable sites for projects need to be addressed to expedite the process. The demand for electricity is expected to increase substantially by 2035, driven by the electrification of vehicles and appliances, as well as the rise of energy-intensive data centers.
Despite challenges, investment in clean energy, transportation, and technology is growing, indicating a shift towards a cleaner economy. The outcome of the November election will play a crucial role in determining the future trajectory of U.S. greenhouse gas emissions, with potential policy changes depending on the outcome. The report also anticipates legal challenges to environmental policies following a Supreme Court ruling limiting federal agencies’ power. The next administration will need to address these challenges to continue progress towards reducing emissions and combating climate change.
Photo credit
www.nbcnews.com