Biden to announce emissions cuts as auto industry weighs
As the Biden administration continues to shape its environmental priorities and agenda, greenhouse gas emissions remain a priority. President Biden is hosting a White House climate summit this week and is expected to announce plans to reduce emissions levels by 2030, reports indicating he is aiming for a 50% reduction in emissions from levels from 2005 to this date. As part of that target, President Biden is expected to order significant reductions in vehicle emissions and other greenhouse gas emissions.
More than 400 companies on Wednesday sent President Joe Biden an open letter calling for cuts of at least 50% from 2005 levels by 2030. The companies represent billions of dollars in revenue and millions of jobs Americans in a wide range of industries. This includes auto industry leaders Ford and GM, who signed the letter and expressed support for a 50% reduction in emissions by 2030.
The “We Mean Business” coalition defended this objective “[t]o restore the United States’ position as a “world leader” in environmental matters. The coalition cited the “climate crisis” and called for a “credible” path to net zero emissions by 2050. Companies therefore seek “the ambitious and achievable goal of reducing GHG emissions by at least 50 % of 2005 levels by 2030. ” The coalition of business leaders cited investing in a green economy, energy efficiency and clean transportation as drivers of economic recovery and job creation.
For their part, the governors of 12 states – including some of the largest state economies – are speaking out to urge the administration to ban the sale of cars and trucks that emit greenhouse gases by 2035. C ‘is a goal already adopted in California. The governors of California, New York, North Carolina, Massachusetts, Connecticut, Maine, New Jersey, New Mexico, Oregon, Washington, Rhode Island and Hawaii sent their open letter ahead of Thursday’s climate summit, calling for stronger climate action.
Meanwhile, other industry groups are speaking out about whether the goal is achievable under current incentives and infrastructure. The United Auto Workers and trade groups sent the administration a letter in March outlining the realities of the supply chain, technology and market adoption constraints to meet the goal. The companies called for investing in strengthening the US supply chain, infrastructure and incentives to get the US to meet its environmental goals.
Biden’s announcement will accelerate the pace of U.S. emissions cuts. Biden’s 50% target will almost double the US’s earlier vows in the Paris climate agreement – a reduction from 26 to 28%.