Research Briefing | Aug 23, 2021

US | President Biden’s climate goals: states with the greatest challenges

President Biden’s climate goals states with the greatest challenges - iPad

President Biden has set a target of reducing net greenhouse gas emissions in the US by 50-52 percent below 2005 levels, by 2030. For some states that looks likely to be very difficult. Our forecasts for US states are instead based on largely ‘business as usual’ assumptions.

What you will learn:

  • Differences between states in the scale of CO2 emissions can mostly be explained by variations in industrial structures. But a few states have particularly high levels because they have large power-generation sectors that are reliant on fossil fuels.
  • Coal-fired power plants are the most polluting of all energy production facilities, and some of the most carbon intensive states generate much of their electricity from coal power. 
  • Some of the more carbon intensive states have already made significant reductions on 2005 levels of carbon emissions, but others have much further to go. 

Back to Resource Hub

Related Services

Post

Finland’s growth forecast cut amid weak confidence and soaring inflation

We have lowered our 2022 GDP growth forecast for Finland to 1.5% from 1.7% last month, as weakening confidence further dampens the outlook. We expect inflation to peak higher with a greater passthrough to core prices, squeezing real incomes and denting consumption. Russia has accounted for almost 10% of Finland's goods trade, among the highest in Europe.

Find Out More

Post

Why we see eurozone inflation slowing sharply next year

We have revised our 2022 eurozone inflation forecasts sharply higher, to 6.0%, since the start of the Ukraine war, as energy and food prices began to soar and new supply bottlenecks emerged. That said, we still see inflation decelerating sharply to 1.3% in 2023, putting us below consensus. While we recognise significant risks to our views, inflation should slow to below 2% in H2 2023.

Find Out More