• 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
PoliticsThe Biden administration

Biden pledges to cut U.S. greenhouse gases by more than 60% by 2035—weeks before he exits the world stage

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
December 19, 2024, 8:14 AM ET
President Joe Biden speaks during a Hanukkah reception in the East Room of the White House in Washington, Dec. 16, 2024.
President Joe Biden speaks during a Hanukkah reception in the East Room of the White House in Washington, Dec. 16, 2024. Rod Lamkey, Jr.—AP
Add Fortune on Google for similar content.

President Joe Biden is pledging to cut U.S. greenhouse gas emissions by more than 60% by 2035 as he fights to ensure his legacy on slowing global warming, even as President-elect Donald Trump vows to undo much of Biden’s climate work when he takes office next month.

Recommended Video

Biden said the new goal — which supersedes a previous plan to cut carbon emissions at least in half by 2030 — keeps the United States on track to achieve net-zero greenhouse gas emissions economy-wide by 2050. The U.S. is making a formal submission of the new target, known as a Nationally Determined Contribution, to the United Nations under terms of the 2015 Paris climate agreement, Biden said Thursday.

The new goal calls for reducing net emissions by 61% to 66% below 2005 levels in 2035.

“I’m proud that my administration is carrying out the boldest climate agenda in American history,” Biden said in a videotaped statement.

“We’re doing it by setting ambitious goals” such as deploying 30 gigawatts of offshore wind and conserving at least 30% of U.S. lands and waters by 2030, Biden said. His administration also has set strict new standards to cut air pollution from cars, trucks and power plants and signed into law the most significant investments in climate and clean energy in U.S. history, he said.

The action by the Democratic president comes just over a month before he is set to leave office. Trump has already promised to unleash a series of executive actions that will seek to undo most or all of Biden’s climate agenda as the Republican president-elect pushes for “energy dominance” around the globe.

Trump no longer dismisses climate change as a “hoax” but has pledged to dismantle what he calls Democrats’ “green new scam” in favor of boosting production of fossil fuels such as oil, natural gas and coal, the main causes of climate change. Trump is expected to withdraw the United States from the Paris climate accord, as he did during his first term, and will likely move to repeal parts of the landmark Inflation Reduction Act, especially subsidies that benefit electric vehicles and offshore wind.

Biden aides tried to downplay the impact of Trump’s return to the White House, insisting that states and local governments can continue to lead on clean energy.

“American climate leadership is determined by so much more than whoever sits in the Oval Office,” said John Podesta, Biden’s senior adviser for international climate policy.

Climate leadership “happens on the ground in our cities and states, from Phoenix to Pittsburgh, from Boise to Baltimore,” Podesta told reporters Wednesday. “And I believe that with this new 2035 target as their North Star, leaders across America can show the world that we are still in this fight for a better future.”

Podesta disputed any notion of “wishful thinking,” adding that he is confident “the work to contain climate change is going to continue in the United States with commitment and passion.”

Biden, in his remarks, called the new goal “ambitious” and said it would lead to thousands of well-paying jobs, more affordable energy, cleaner air, cleaner water and a healthier environment for all Americans.

“It is also creating real momentum because we’re unleashing American ingenuity and innovation. And together, we will turn this existential threat into a once-in-a-generation opportunity to transform our nation” for decades to come, Biden said. “I know we can do this.”

The proposal would require sustained changes across the economy, from power generation to transportation, buildings, agriculture and industry, including significant increases in renewable energy such as wind and solar power and steep cuts in emissions from fossil fuels such as oil and coal.

The U.S. pledge includes methane reductions of at least 35% from 2005 levels by 2035, Biden said. Cutting methane emissions is among the fastest ways to reduce near-term warming and is crucial to reducing greenhouse gas emissions.

The nonbinding but symbolically important pledge is a key part of the Paris agreement, which calls for countries to submit so-called Nationally Determined Contributions every five years. A country’s NDC, or climate goal, outlines how it plans to reduce greenhouse gas emissions to help meet the global goal of limiting temperature rise to 1.5 degrees Celsius since pre-industrial times.

The Paris Agreement requires that NDCs are updated every five years with increasingly higher ambition, taking into consideration each country’s capacity. The next deadline is February 2025, although Brazil, the United Kingdom and the United Arab Emirates have already submitted their proposed NDCs.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
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 Politics

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 Politics

Google DeepMind CEO Demis Hassabis (left) stands on a spiral staircase next to Google DeepMind researcher John Jumper.
NewslettersEye on AI
Defections from Google DeepMind prompt questions about Alphabet’s efforts to stay at the forefront of AI
By Jeremy KahnJune 23, 2026
15 hours ago
k
PoliticsElections
Coming to an election near you: prediction markets
By Matt Motta, Robert Ralston and The ConversationJune 23, 2026
16 hours ago
Doctor giving patient injection in volunteer clinic
HealthHealth
For the first time ever, no young women in England died of cervical cancer. In the U.S., RFK Jr.’s vaccine skepticism stalls HPV progress
By Catherina GioinoJune 23, 2026
17 hours ago
ks
PoliticsUnited Kingdom
10 years of Brexit means 7 Prime Ministers and a broken British politics
By Jill Lawless and The Associated PressJune 23, 2026
19 hours ago
burnham
PoliticsUnited Kingdom
Britain poised for ‘Manchesterism’ under presumptive next Prime Minister Andy Burnham
By Jill Lawless and The Associated PressJune 23, 2026
19 hours ago
Polymarket CEO Shayne Coplan
CryptoCryptocurrency
Polymarket allegedly faked trades. Chances are slim Trump admin investigates, says sports-betting attorney
By Camila Grigera NaónJune 23, 2026
19 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
21 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
23 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
21 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.