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

Seoul, South Korea

Post

BoK’s monetary policy to tighten even as hiking cycle ends

Even without rate hikes, central banks' monetary policies can effectively tighten if the nominal neutral rate falls below the policy rate. We expect this will be the case for the Bank of Korea this year, as the gap between the policy rate and the nominal neutral rate widens.

Find Out More

Post

China: Emerging green shoots in Spring, but not out of the woods

We now incorporate a faster recovery from the post-Covid exit wave and raise our 2023 full-year GDP growth forecast to 4.5% (from 4.2% previously).

Find Out More