United States: Biden administration affirms climate leadership, publishes long-term strategy for net zero GHG by 2050
To print this article, simply register or connect to Mondaq.com.
Scheduled to coincide with the opening of COP26 – the United Nations Climate Change Conference – and citing its previous commitment to reduce greenhouse gas (GHG) emissions by 50 to 52% by 20301 and achieve a net zero economy by 2050, on November 1, 2021, President Biden announcement the launch of the President’s Emergency Plan for Adaptation and Resilience (PREPARE). This whole-of-government initiative by fiscal 2024 would provide $ 3 billion per year in adaptation funding to reduce climate impacts on the people most vulnerable to climate change globally. The announcement marks the first adaptation communication from the United States under the Paris Agreement, which President Biden joined on the first day of his administration.
At the same time, the Biden administration issued the US long-term strategy: pathways to net zero greenhouse gas emissions by 2050 (Strategy), which is in line with the conclusion of the most recent report2 of the Intergovernmental Panel on Climate Change (IPCC) says global warming should be limited to 1.5 Â° Celsius.
It is important to note that the Strategy refers to a future set of new policies3 to “accelerate existing trends in emissions reductions – for example, by rapidly expanding the deployment of new technologies like electric vehicles and heat pumps, and building infrastructure for key systems like our national electricity grid” – actions to help reduce net GHG emissions 50-52 percent below 2005 levels by 2030 and put the United States on a solid footing to achieve the net zero economy goal by 2050.
1 Described in more detail in our legal update of April 21, 2021 âBiden Administration Pledges 50-52% GHG Reduction by 2030â.
2 IPCC, âClimate Change 2021: The Physical Science Basis. Contribution of Working Group I to the Sixth Assessment Report of the Intergouvernemental Panel on Climate Change â, Cambridge University Press, Cambridge UK, 2021. https://www.ipcc.ch/report/ar6/wg1/
3 Executive Office of the President of the United States, âThe US National Climate Strategyâ.
Visit us on mayerbrown.com
Mayer Brown is a global provider of legal services comprising law firms that are separate entities (the âMayer Brown Practicesâ). The Mayer Brown firms are: Mayer Brown LLP and Mayer Brown Europe – Brussels LLP, two limited liability companies established in Illinois, United States; Mayer Brown International LLP, a limited liability company incorporated in England and Wales (authorized and regulated by the Solicitors Regulation Authority and registered in England and Wales under number OC 303359); Mayer Brown, a SELAS established in France; Mayer Brown JSM, a partnership of Hong Kong and its associated entities in Asia; and Tauil & Checker Advogados, a Brazilian law partnership in which Mayer Brown is associated. âMayer Brownâ and the Mayer Brown logo are registered trademarks of Mayer Brown Practices in their respective jurisdictions.
Â© Copyright 2020. The Practices of Mayer Brown. All rights reserved.
This article by Mayer Brown provides information and commentary on legal issues and developments of interest. The foregoing does not constitute a complete treatment of the subject at hand and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action on the matters discussed in this document.
POPULAR ARTICLES ON: United States Environment