The US President Joe Biden in a speech at global climate negotiations in Egypt, said the United States is following through on promises to cut its greenhouse gas emissions, and worked to buoy the image of the U.S. as a global leader against climate change.
“We’re proving that good climate policy is good economic policy,” President Biden told a room of representatives of governments around the world. “The United States of America will meet our emissions targets by 2030.”
The president reiterated the importance of such measures. “The climate crisis is about human security, economic security, environmental security, national security and the very life of the planet,” he said.
Biden also spoke as midterm election votes are still being counted in the U.S, determining which party will control Congress and, ultimately, whether and how the U.S. will fulfill its climate promises to the world.
In his speech, the President said he will continue to push for more funding from Congress. “The climate crisis is hitting hardest those countries and communities that have the fewest resources to respond and recover,” he said.
The U.S. has pledged to cut its greenhouse gas emissions between 50 and 52% by 2030. The passage of the Inflation Reduction Act, which incentivizes electric cars and more efficient buildings, was a major step toward hitting that goal. Still, more will need to be done. Currently, U.S. emissions are expected to fall roughly 39% by 2030.
This week, the US administration has announced a slew of plans to crack down on greenhouse gas emissions from oil and gas facilities, invest in renewable energy and direct private money to climate projects overseas.
The Biden Administration has promised that the U.S. will contribute $11 billion a year by 2024 to help developing countries cope with climate change through projects like renewable energy or new infrastructure to protect cities. Wealthier nations generate the lion’s share of climate pollution and they have promised $100 billion dollars by 2020 to lower-income countries, which have done little to fuel global warming.
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Global emissions are still rising far too fast to avoid dangerous levels of warming. If countries meet their climate pledges, emissions will only fall around 3 percent by 2030. Studies show they need to fall by 45 percent to avoid even more destructive climate impacts, like powerful storms, heat waves, and melting ice sheets that will cause oceans to flood coastal cities.
Biden urged countries to cut their emissions as quickly as possible. “The science is devastatingly clear,” he said. “We have to make vital progress by the end of this decade.
