10,727.58 TRY BIST 100 BIST 100
36.60 USD USD USD
5.08 CNY CNY CNY
39.79 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
37.05 TRY Interest Interest
70.45 USD Fossil Oil Fossil Oil
33.88 USD Silver Silver
4.94 USD Copper Copper
102.49 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,518.13 TRY Gold (gr) Gold (gr)

US falling short on emission goals, climate report warns

U.S. Government report warns insufficient action on greenhouse gas emissions amidst escalating climate crisis.

US falling short on emission goals, climate report warns

A new report from US government scientists reveals that the country is not doing enough to reduce greenhouse gas (GHG) emissions, despite the effects of climate change already felt in every region. The fifth National Climate Assessment, produced by 14 federal agencies and hundreds of authors, largely agrees that fossil fuel use is the primary driver of global warming. The report also notes that climate change is impacting all regions and sectors of the US, with the US experiencing a $1bn weather disaster every three weeks and set to warm more on average than the rest of the world as global temperatures continue rising.

Regional impacts vary, with increased drought risks in the western US endangering hydropower generation, while sea level rise is projected to be greatest along the US Gulf Coast, threatening crude oil production and refining capacity. US GHG emissions fell by 12pc from 2005-2019, largely due to declining coal-fired generation. However, meeting the country's Paris climate agreement commitments and achieving net-zero emissions by 2050 will require emissions to decline by more than 6pc/yr on average. Existing policies are considered "woefully insufficient and incremental," according to Kristina Dahl, a report contributor and principal climate scientist at the Union of Concerned Scientists.

Some solutions are already cost-effective, such as building more wind and solar capacity and electrifying more vehicles and heating systems. Less proven technologies like carbon capture may help, but the exact path to net-zero remains uncertain due to uncertainty around natural gas-fired generation and decarbonization efforts.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Salzgitter Flachstahl GmbH in partnership with Lindab Steel AB

Friday, March 14, 2025

Norway prepares to implement CBAM starting in 2027

Thursday, March 13, 2025

Canada retaliates USD 20 billion in USA tariffs

Thursday, March 13, 2025

Türkiye's CRC imports increased by 140.6% in January

Thursday, March 13, 2025

China and India stand out with full capacity utilization in EU quotas

Thursday, March 13, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now