• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

Current price of oil as of June 23, 2026

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

Current price of oil as of June 23, 2026
Environmentclimate

Biden readying pledge to cut 2030 greenhouse gas emissions by half

By
Matthew Daly
Matthew Daly
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Matthew Daly
Matthew Daly
and
The Associated Press
The Associated Press
Down Arrow Button Icon
April 21, 2021, 4:55 AM ET
Add Fortune on Google for similar content.

President Joe Biden will pledge to cut U.S. greenhouse gas emissions at least in half by 2030 as he convenes a virtual climate summit with 40 world leaders, according to three people with knowledge of the White House plans.

The 50% target would nearly double the nation’s previous commitment and help the Biden administration prod other countries for ambitious emissions cuts as well. The proposal would require dramatic changes in the power and transportation sectors, including significant increases in renewable energy such as wind and solar power and steep cuts in emissions from fossil fuels such as coal and oil.

The nonbinding but symbolically important pledge is a key element of the two-day summit, which begins Thursday as world leaders gather online to share strategies to combat climate change.

The emissions target has been eagerly awaited by all sides of the climate debate. It will signal how aggressively Biden wants to move on global warming, a divisive and expensive issue that has riled Republicans to complain about job-killing government overreach even as some on the left worry Biden has not gone far enough to address a profound threat to the planet.

The three people who know about the White House plans spoke on condition of anonymity on Tuesday because they were not authorized to discuss the pledge ahead of Biden’s announcement.

Biden has sought to ensure that the 2030 goal, known as a Nationally Determined Contribution, or NDC, is aggressive enough to have a tangible impact on climate change efforts—not only in the U.S. but throughout the world—while also being achievable under a closely divided Congress.

The climate target is a key requirement of the 2015 Paris climate agreement, which Biden rejoined on his first day in office. It’s also an important marker as Biden moves toward his ultimate goal of net-zero carbon emissions by 2050.

Scientists, environmental groups and even business leaders had called on Biden to set a target that would cut U.S. greenhouse gas emissions by at least 50% below 2005 levels by 2030.

“Wow. That’s ambition with a capital A,” Georgia Tech climate scientist Kim Cobb said Tuesday after learning of Biden’s plans. “That target would put us roughly in line with the most ambitious emissions reductions targets” projected by scientists and environmentalists.

Cobb, like other experts, said details of Biden’s strategy will be crucial, “because those details will likely determine whether this ambitious new goal can be translated into policy. The clock is ticking fast, environmentally and politically.”

Pennsylvania State University climate scientist Michael Mann said the 50% goal “is precisely what is needed … an actionable goal within the next decade that puts us on the path toward limiting warming below a catastrophic 1.5 degrees Celsius” globally.

The climate summit that Biden is hosting is among his first international actions since the United States officially returned to the Paris accord. The U.S. withdrawal from the global pact under former President Donald Trump was part of Trump’s effort to step away from global allegiances in general and his oft-stated but false view that global warming was a hoax or at least an overstated claim by the world’s scientists.

Biden, by contrast, has made action on climate change a centerpiece of his presidency. He has also paused new oil and gas drilling on federal lands and proposed a $2.3 trillion infrastructure plan that would remake the U.S. power grid and add 500,000 charging stations for electric vehicles, among other actions intended to sharply cut fossil fuel pollution that contributes to global warming.

The summit is “the starting gun for climate diplomacy” after a four-year “hiatus” under Trump, said Larsen, now a director at the Rhodium Group, an independent research firm.

Former Secretary of State John Kerry, Biden’s top climate envoy, has been pressing global leaders, including his counterpart in China, for commitments and alliances on climate efforts.

Sen. Ed Markey, a Massachusetts Democrat who reintroduced the Green New Deal on Tuesday with Rep. Alexandria Ocasio-Cortez, D-N.Y., said the 50% target was appropriate to meet the scope and scale of the climate crisis.

“The United States must be an undeniable global leader in climate action,” Markey said Tuesday. “We cannot preach temperance from a barstool and not pay our fair share when approximately 40% of all the excess carbon dioxide in the atmosphere is red, white and blue.”

A 50% reduction by 2030 is “technically feasible and well within our reach,” Markey added. “We can and should fight to pass legislation and deploy funding that will allow us to exceed that target.”

Sen. John Barrasso, R-Wyo., the top Republican on the Senate Energy Committee, said Biden’s pledge would set “punishing targets” for the U.S. even as adversaries such as China and Russia “continue to increase emissions at will. The last thing the economy needs is higher energy prices and fewer jobs, but that’s exactly what we’re going to get.”

Like other nations, the U.S. goal includes methane and some hydrofluorocarbon gases that trap more heat but don’t last as long as carbon dioxide.

The 50% pledge was first reported by the Washington Post.

About the Authors
By Matthew Daly
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Environment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Environment

sb
Commentaryclimate change
The climate policy triangle: why leaders can no longer choose between growth, security and sustainability
By Sebastian BuckupJune 23, 2026
10 hours ago
Tom and Diane Peterman pose outside their home at Black Lake on Wednesday, April 29, 2026, in Grant Township, Mich.
EnvironmentNatural disasters
FEMA told these families they weren’t in a flood zone. Then ice came through the windows
By Tammy Webber, M.K. Wildeman and The Associated PressJune 23, 2026
11 hours ago
Woman hides from the sun in front of Big Ben in London
EconomyEurope
‘London isn’t just calling—it’s cooking.’ Europe’s largest economies face over $600 billion in heat-driven losses by 2030
By Tristan BoveJune 23, 2026
14 hours ago
fr
EnvironmentUnited Kingdom
France rues widespread lack of air conditioning as country roasts under 104-degree heat wave
By Samuel Petrequin and The Associated PressJune 23, 2026
17 hours ago
un
EnvironmentData centers
‘It is time to come clean’: UN Secretary General calls out AI companies on their climate impact
By Alexa St. John and The Associated PressJune 23, 2026
17 hours ago
data
EnvironmentData centers
40 mayors join global movement to push back against data centers. Can collective bargaining work?
By Jennifer McDermott, Anton L. Delgado and The Associated PressJune 23, 2026
17 hours ago

Most Popular

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
19 hours ago
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
Banking
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
By Jim EdwardsJune 23, 2026
22 hours ago
Current price of oil as of June 23, 2026
Personal Finance
Current price of oil as of June 23, 2026
By Joseph HostetlerJune 23, 2026
19 hours ago
Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
Investing
Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
By Nick LichtenbergJune 22, 2026
2 days ago
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
Success
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
By Sydney LakeJune 21, 2026
3 days ago
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
Real Estate
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
By Sydney LakeJune 22, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.