Although the Inflation Reduction Act (IRA), which passed the House of Representatives on Friday, will be by far the largest federal action ever taken to confront climate change, it will fall short of the U.S.’s pledge in the 2015 Paris climate agreement to cut greenhouse gas emissions by 50-52% from 2005 levels by 2030. Statistical models show the IRA will only reduce emissions by roughly 40% from 2005 levels by the end of this decade. According to experts and activists working on climate policy, there are four main avenues to getting additional emissions reductions in this decade: regulations from the Biden administration, future bills in Congress that could target emissions from other sectors, state-level policies — and, lastly, to stay below 1.5°C of warming, other large emitters such as China will have to adopt their own additional policies.
By Ben Adler. YahooNews. August 15, 2022.
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