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The US will offer a 50% reduction in gas emissions by the end of the decade

US President Joe Biden has announced a significant reduction in emissions, and on Thursday welcomed 40 world leaders to a climate change conference that includes China’s Xi Jinping and Russia’s Vladimir Putin.

Biden promises to reduce US greenhouse gas The output is 50-52% by 2030 compared to 2005, achieving zero output by 2050, which the White House says will help create jobs in America.

This represents the fast-moving Obama administration’s promise to reduce emissions by 26-28% by 2025.

“The United States is not waiting. The cost of the delay is very high, and our country is determined to take action now, “said the chief executive.

“People [new target] It is in line with the President’s ambitions to achieve greenhouse gas emissions by 2050, and reduce global warming to 1.5C, “he said.

The new White House emissions target will require major economic changes, including transportation, the electricity sector and manufacturing.

Prior to the summit, Biden’s management set a number of climate measures, including efforts to combine climate risk in the economy and energy tariffs as part of it. $ 2tn construction costs.

Janet Yellen, US Treasury Secretary, said in a statement on Wednesday that climate change had become “a major threat to our future economy and our lives,” and promised to try to introduce green energy and public sector funding.

“The money we need to take care of our finances is huge,” Yellen said. “One estimate is that $ 2.5tn will cost more than $ 2.5tn in the United States alone. Financial institutions need to close this gap. ”

Since taking office, Yellen has chosen a new one climate consultant co-ordinating the agency’s efforts in this regard and has promised to improve pilot activities and expose climate risks, in order to contribute more to the organization.

“The idea is that because we know so little about climate risk, let’s be serious about our actions – or do nothing. This is completely wrong, in my opinion. This is a big problem and it needs to be addressed now,” he said.

U.S. greenhouse gases reached 5.8bn tonnes equivalent to carbon-dioxide in 2019, down 13% from 2005, the Environmental Protection Agency reported. data last week.

The wind passed 10.3 percent in 2020 when the coronavirus epidemic broke out, according to Rhodium Group, a research firm, but forecasters expect the recession to increase this year.

The US is the second largest gas producer in the world after China.

50% reduction in emissions will be “possible but very difficult”, says Jason Bordoff, founding director of Climate Climate of Columbia. “You have to be willing, and use a number that encourages the world to stretch.”

The US hopes that its goal of climate change – also known as national aid, or NDC – will encourage other countries to achieve the same goals at the UN COP26 summit in Glasgow in November.

“With the new US target 2030, largely from Japan and Canada, before the EU and UK targets, the major economic figures accounting for more than half of the global economy have now committed to reducing global demand to reduce global warming by 1.5 C,” he said. said the superintendent.

“We will bring our NDC to the table, but we want others to also raise their ambition,” said one senior official. “The US controls about 15% of global gas emissions… It does not mean we should not take action – we are doing well – but the rest of the world has a bigger share.”

John Kerry, Biden’s ambassador for climate change, has been traveling around the world to promote aid from other countries, including China, where he was the first government official to visit last week.

A few days before the summit, China and the US he uttered a voice promising to work together on “climate challenges”. Kerry said the two countries had “talked a lot about coal”, and also discussed the possibility of cooperating with them on renewable energy sources.

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US allies including Canada, South Korea and Japan have also been given the opportunity to make a statement on space at the conference.

Rachel Kyte, dean of Fletcher School at Tufts University, says the US was “very active, both at home and abroad” in promoting climate change. On Wednesday the EU approved a weather law reducing emissions by 55% by 2030.

“We look forward to seeing a number of countries set their goals, and that is a good thing, which is encouraging. But there are other questions about cooperation,” he added, pointing out that the US, EU and China should work together ahead of COP26.

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