Biden’s signature climate law, the Inflation Reduction Act, could slash US greenhouse gas emissions in half by 2050 but not come close to eliminating them, according to a new analysis from BlooombergNEF
, the Inflation Reduction Act, could slash US greenhouse gas emissions in half by 2050 but not come close to eliminating them, according to a new analysis from BlooombergNEF.
The law’s $369 billion in financial incentives will speed up the transition to renewable power and electrified transportation, driving the country’s emissions down from 5.3 gigatons last year to 2.3 gigatons at mid-century. Climate scientists have shown that global emissions need to peak before 2025 and approach zero by mid-century to stave off the
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