New U.S. Paris Agreement Pledge Sets Bold Target and Provides Clues for Climate Change Business Planning and Advocacy Efforts

May 4, 2021

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By: Stacey H. Mitchell, Kenneth J. Markowitz, Christopher A. Treanor, Shawn Whites (Energy Regulatory Specialist)

The Biden-Harris administration announced on April 22, 2021—fewer than three months after rejoining the Paris Agreement — a new target to reduce U.S. economy-wide greenhouse gas (GHG) emissions by 50 to 52 percent below 2005 levels by 2030. The voluntary target constitutes the country’s new “Nationally Determined Contribution” (NDC) under the Paris Agreement, which the U.S. formally communicated to the United Nations Framework Convention on Climate Change (UNFCCC) in a 24-page submission.

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