{"id":111962,"date":"2021-04-13T14:54:14","date_gmt":"2021-04-13T14:54:14","guid":{"rendered":"https:\/\/fin2me.com\/?p=111962"},"modified":"2021-04-13T14:54:14","modified_gmt":"2021-04-13T14:54:14","slug":"executives-call-on-biden-to-slash-greenhouse-gas-emissions-to-curb-climate-change","status":"publish","type":"post","link":"https:\/\/fin2me.com\/politics\/executives-call-on-biden-to-slash-greenhouse-gas-emissions-to-curb-climate-change\/","title":{"rendered":"Executives call on Biden to slash greenhouse gas emissions to curb climate change"},"content":{"rendered":"<ul>\n<li>More than 300 businesses have called on President Joe Biden to nearly double U.S. targets to reduce planet-warming emissions below 2005 levels by 2030. <\/li>\n<li>The push by leaders from companies like Google, Apple, Walmart and Unilever comes ahead of the global leaders&#x27; climate summit the Biden administration is hosting April 22. <\/li>\n<li>The Obama administration set out to cut emissions up to 28% below 2005 levels by 2025, but former President\u00a0Donald Trump\u00a0halted federal efforts to meet that target. <\/li>\n<\/ul>\n<p>More than 300 businesses and investors have called on President Joe Biden to nearly double U.S. targets to reduce planet-warming emissions below 2005 levels by 2030.<\/p>\n<p>In a letter published on Tuesday, corporate leaders from companies like Google, Apple, Walmart and Unilever praised the Biden administration for re-joining the global Paris climate accord and aggressively addressing climate change.<\/p>\n<p>The push by executives of some of the country&#x27;s largest companies to set a goal to slash emissions of carbon dioxide, methane and other gases by at least 50% \u2014 a target in line with what environmental groups want \u2014 comes ahead of the global leaders&#x27; climate summit the administration is hosting April 22.<\/p>\n<p>The Biden administration plans to unveil a stricter emissions target for the Paris accord on or before the summit of world leaders. The Obama administration set out to cut emissions up to 28% below 2005 levels by 2025, but former President\u00a0Donald Trump\u00a0halted federal efforts to meet that target and pulled the U.S. from the Paris accord.<\/p>\n<p>The companies that signed the letter comprise more than $3 trillion in annual revenue and more than $1 trillion in assets. The letter indicates a shift by the private sector to address their own climate change impact and better align with the goals of the Biden administration, which has vowed to put the country on a path to net-zero carbon emissions by 2050.<\/p>\n<h2>CNBC Politics<\/h2>\n<p>Read more of CNBC&#x27;s politics coverage:<\/p>\n<ul>\n<li>Executives call on Biden to slash greenhouse gas emissions to curb climate change<\/li>\n<li>Biden says he is &#x27;prepared to negotiate&#x27; scope of infrastructure plan and how to pay for it<\/li>\n<li>Progressive group targets FedEx, Nike in campaign calling for higher corporate taxes<\/li>\n<\/ul>\n<p>Biden&#x27;s climate ambitions, including a sweeping infrastructure package that invests heavily in clean energy technologies, would be paid for largely by raising corporate tax rates, a move that could trigger objections from some of the very corporations who signed the letter.<\/p>\n<p>The president has also promised to adopt new regulations for fossil fuel producers, automobiles and electric utilities. Signatories of the letter include utilities\u00a0like PG&amp;E Corporation and Exelon but no notable oil and gas companies.<\/p>\n<p>&quot;Many of us have set or are setting emissions reduction goals in line with climate science since the establishment of the Paris agreement,&quot; corporate leaders wrote in the letter. &quot;The private sector has purchased renewable energy at record rates and along with countless cities across the country, many have committed themselves to a net zero-emissions future.&quot;<\/p>\n<p>Nearly every country in the world is part of the Paris agreement, a landmark nonbinding accord among nearly 200 nations to reduce their planet-warming emissions. The U.S. is the world&#x27;s second-largest emitter of greenhouse gases.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/04\/13\/executives-call-on-biden-to-cut-emissions-to-combat-climate-change-.html\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>More than 300 businesses have called on President Joe Biden to nearly double U.S. targets to reduce planet-warming emissions below 2005 levels by 2030. The [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":111961,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Executives call on Biden to slash greenhouse gas emissions to curb climate change - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/politics\/executives-call-on-biden-to-slash-greenhouse-gas-emissions-to-curb-climate-change\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Executives call on Biden to slash greenhouse gas emissions to curb climate change - Fin2me\" \/>\n<meta property=\"og:description\" content=\"More than 300 businesses have called on President Joe Biden to nearly double U.S. targets to reduce planet-warming emissions below 2005 levels by 2030. 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