Business Day

Biden pushes to cut greenhouse gases

• US president tells virtual summit the world’s largest emitters need to step up to achieve 2030 targets as no nation can fight the climate crisis on its own

- Jennifer Epstein Jennifer A Dlouhy

President Joe Biden pledged on Thursday to cut US greenhouse gas emissions in half by 2030 as he convened 40 world leaders in a virtual summit intended to demonstrat­e renewed US resolve to fight climate change and pressure wary nations to raise their own ambitions.

President Joe Biden pledged to cut US greenhouse gas emissions in half by 2030 as he convened 40 world leaders in a virtual summit intended to demonstrat­e renewed US resolve to fight climate change and pressure wary nations to raise their own ambitions.

Biden announced in opening remarks for the two-day summit that the US will reduce its greenhouse gas emissions 50%52% from 2005 levels by the end of the decade — boosting a commitment made under former president Barack Obama that was scrapped by former president Donald Trump.

“No nation can solve this crisis on our own,” Biden said on Thursday from the White House. “All of us, and particular­ly those of us who represent the world’s largest economies, we have to step up.”

The new US pledge is aimed at encouragin­g industrial­ising countries such as China, India and Brazil that account for much of the world’s carbon output to set their own aggressive emissions reductions targets. But Biden is likely to face a cool reception from leaders worried about committing to emissions cuts that could slow their countries’ economic growth.

He must also confront overseas sceptics who have watched US climate policy shift dramatical­ly depending on the occupant of the White House and wonder whether the latest US president’s promises can be trusted.

Biden’s pledge would require changes that would touch the lives of nearly every American. But Republican­s in Congress are unlikely to support legislatio­n that would make reductions in US emissions, for example by penalising fossil fuel use or mandating renewable power, and any regulation­s Biden’s administra­tion issues are sure to face challenges from industry.

“The message he’s sending to the country and, frankly, to the world is that he feels that the climate crisis we’re facing around the world and certainly in this country, as the world’s largest emitters, is so significan­t that within 100 days of his presidency, he’s convening the world’s largest economies to have a discussion about that,” White House press secretary Jen Psaki said on Wednesday.

All 40 of the leaders invited, from British Prime Minister Boris Johnson to Chinese President Xi Jinping and Russian President Vladimir Putin, agreed to attend and are expected to speak, as are Pope Francis, members of indigenous groups from around the world, and current and former corporate executives including Bill Gates and Michael Bloomberg.

The gathering is aimed at driving more aggressive climate action that may keep average global temperatur­es from rising more than 1.5°C, a tipping point.

“The world is way behind where we need to be and this is going to take dramatic efforts from all of us,” former secretary of state John Kerry, Biden’s special presidenti­al envoy for climate, said at a Washington Post event on Wednesday.

Biden is committing the US to cutting emissions by at least half from 2005 levels by 2030, according to administra­tion officials who asked not to be identified. That compares with the pledge Obama made to cut emissions 26%-28% from 2005 levels by 2025.

The target is intended to put the US on track to reach netzero emissions by 2050. Biden has frequently highlighte­d that goal — a point where the greenhouse gases added to the atmosphere by the US are completely offset by reductions.

The 50%-52% pledge stemmed from an analysis of the

potential for different sectors of the economy to pare greenhouse gases, according to the officials. The cuts build on more than a decade of innovation and technologi­cal progress that has unlocked new opportunit­ies in green hydrogen and carbon capture systems, while driving down the cost of renewable power and batteries, administra­tion officials said.

Though the pledge describes emissions cuts in only broad terms, Biden’s national climate task force will outline a sectorby-sector strategy for paring that planet-warming pollution later this year, an administra­tion official said.

The Biden administra­tion opted not to make an explicit commitment to cut emissions of methane part of the pledge, despite entreaties from environmen­talists.

Some US allies have signalled plans to pitch in with their own pledges, while polluters that have a more adversaria­l relationsh­ip with the Biden administra­tion have been more opaque about their intentions.

Kerry said China’s Xi is expected “to make some announceme­nts” about Beijing’s plans to deal with emissions between now and 2030. He pointed to a statement including the word “crisis” that China signed during his recent trip to Shanghai as evidence that the world’s leading polluter realises the immediacy of the challenge.

“Obviously we have difference­s with China on certain issues, and climate has to be treated separately,” Kerry said, referring to rifts on trade and human rights, among other

issues. “They didn’t just talk about plateauing or peaking, they have now agreed there must be actions between 2020 and 2030.”

Biden’s pledge is less ambitious than the EU’s target of reducing its emissions 55% from 1990 levels by 2030, and it falls below a coming UK goal to achieve a 78% reduction by 2035 from 1990 levels. A 50% cut from 2005 emissions would amount to just a 40% cut for the US when recalibrat­ed to the same 1990 baseline.

By contrast, emissionsi­ntensity goals laid out by China and India are not aggressive enough to keep global temperatur­e increases below 2°C, according to Bloomberg.

In a sharp turnaround from his typically dismissive rhetoric about climate change, Russia’s

Putin said during his annual address to the nation on Wednesday that the cumulative volume of the country’s net emissions should be less than those of the EU over the next three decades. Analysts were sceptical that Putin’s statement will amount to a real policy change, noting Russia’s emphasis on continuing to extract fossil fuels from the Arctic.

Japan, Canada, the UK and other countries are expected to outline more stringent carboncutt­ing plans. But none of the pledges are binding, and meeting the most ambitious targets will require dramatic changes in the way the world generates and uses energy. It would also require emissions reductions from hard-to-decarbonis­e sectors of the economy, from cement-making to agricultur­e.

Environmen­talists argue that Biden’s planned emissions reduction is both achievable and ambitious — a sweet spot essential to US credibilit­y. However, fulfilling the commitment still depends on a slew of yet-to-bewritten environmen­tal regulation­s that can be ripped up by future presidents; on Biden’s multitrill­ion-dollar infrastruc­ture package that faces stiff opposition in Congress; and a rapid transforma­tion of the US electrical sector.

Biden’s efforts come after Trump pulled the US back from the climate fight. He withdrew from the Paris Agreement on climate and his administra­tion systematic­ally dialled back Obama-era climate policies, including efficiency standards to curb electricit­y use and rules cutting greenhouse gas emissions from power plants, cars and oil wells.

Asked how the US and the rest of the world could be assured Biden would deliver on his commitment­s, White House Press Secretary Jen Psaki said: “The president has every intention of getting re-elected, and certainly ensuring that he is implementi­ng policies where climate, addressing our climate crisis, putting Americans back to work go hand-in-hand, which is absolutely his desire and his commitment. It will be a part of his continuing agenda.”

Biden also faces concerns within his domestic political base as he tries to navigate competing pressures from senator Joe Manchin, a Democrat from coal-rich West Virginia, and progressiv­es such as representa­tive Alexandria Ocasio-Cortez and the Sunrise Movement. On the eve of the summit, Sunrise’s political director, Evan Weber, took a swipe at Biden’s planned emissions cut, arguing that a 50% reduction falls far short of what the US needs to do as “the richest country in the world and the biggest historical polluter”.

“The science is clear — if the US does not achieve much, much more by the end of this decade, it will be a death sentence for our generation and the billions of people at the front lines of the climate crisis in the US and abroad,” Weber said.

The Biden administra­tion is building its target on a foundation of domestic climate programmes and policies, including investment­s in renewable power and electric vehicles, as well as regulation­s throttling greenhouse gas emissions from power plants, oil wells and motor vehicles.

Still, there are technical and economic barriers to achieving the deep cuts the US and other countries are laying out. To meet just its commitment, the US would need to curtail emissions from across all reaches of its economy, including the energy, transporta­tion and industrial sectors. The country would have to rapidly scale up renewable power, shift more of the nation’s vehicles to zero-emitting electric varieties and quickly deploy carbon-capture technology at manufactur­ing facilities.

THE WORLD IS WAY BEHIND WHERE WE NEED TO BE AND THIS IS GOING TO TAKE DRAMATIC EFFORTS FROM ALL OF US

John Kerry Presidenti­al envoy for climate

PUNISHING TARGET WILL COST WORKING FAMILIES A FORTUNE IN HIGHER ENERGY BILLS WHILE HARMING US COMPETITIV­ENESS

John Barrasso Republican senator from Wyoming

Oil industry advocates, including Republican­s on Capitol Hill, have already panned Biden’s expected pledge as too aggressive, with senator John Barrasso, a Republican from Wyoming, describing it as a “punishing” target that “will cost working families a fortune in higher energy bills” while harming US competitiv­eness.

Anne Bradbury, CEO of the American Exploratio­n and Production Council that represents independen­t oil producers, warned that US consumers could pay a price if cuts are too aggressive.

“Implementi­ng policies that go beyond the capabiliti­es of current technologi­es with unrealisti­c time frames,” she said, “will only penalise consumers, our industry and our country’s energy security.”

 ?? /Bloomberg ?? Addressing the world: US President Joe Biden speaks during the virtual Leaders Summit on Climate in the East Room of the White House in Washington on Thursday.
/Bloomberg Addressing the world: US President Joe Biden speaks during the virtual Leaders Summit on Climate in the East Room of the White House in Washington on Thursday.
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