How The New Climate Bill Would Reduce Emissions

A major climate and energy package passed by Congress on Friday would put the United States much closer to its goal of cutting global warming pollution in half by 2030, several independent analyses have concluded. The legislation, which President Biden is expected to sign within days, provides hefty tax incentives for low-carbon technologies that could enable the country to reduce its greenhouse gas emissions by roughly 40 percent below 2005 levels by the end of this decade, according to estimates by the Princeton-led REPEAT Project. While that falls short of President Biden’s goal to cut U.S. emissions by at least 50 percent below 2005 levels by 2030, experts said that additional policies like new federal regulations or more aggressive state and local climate action could help close the gap.

By Nadja Popovich and Brad Plumer. New York Times. August 12, 2022 (updated).