In April, President Biden announced a new U.S. climate target: a 50–52 percent reduction in greenhouse gas emissions below 2005 levels by 2030. It’s an ambitious goal, and one that’s right up there with recent climate declarations from Canada, the European Union, and the United Kingdom. It’s also one that, according to a new analysis from the Electric Power Research Institute, will require immediate action across all sectors of the economy.
Key findings of the EPRI report Strategies and Actions for Achieving a 50% Reduction in U.S. Greenhouse Gas Emissions by 2030 include the following:
- Halving GHG emissions by 2030 will involve significant efforts beyond business-as-usual trends.
- Reaching implied decarbonization targets for the power sector involves accelerated and sustained change.
- Electrification and efficiency gains drive GHG reductions in transport, industry, and buildings.
- Consistent emission-reduction strategies for achieving the “50 by 30” goal are emerging, but fundamental questions remain about how to support immediate action while building systems for planning and investment that are adaptive to new information.
What they’re saying: “As economy-wide carbon reduction shifts from an aspiration to an expectation, U.S. and world leaders are doubling down on the clean energy transformation,” said Arshad Mansoor, EPRI’s president and chief executive officer. “While achieving bold U.S. carbon goals is possible, realizing this vision affordably and reliably means leveraging all technology solutions at our disposal, growing supply chains and skilled labor, and accelerating innovation, regulatory, permitting, and other processes to enable action. By aligning on key priorities, government and industry can pave the way for a thriving clean energy economy.”