New US climate pledge: Cut emissions 50% this decade, but can Biden make it happen?

Payne Institute Advisory Board Member David Victor and Director Morgan Bazilian write about how President Joe Biden announced an ambitious new national climate target at a livestreamed summit of world leaders on April 22, 2021: He pledged to cut U.S. carbon emissions in half by the end of this decade and aim for net zero emissions by 2050. The new goal is a big deal because it formally brings together the many different ideas on infrastructure, the budget, federal regulatory policy, and disparate actions in the states and industry for transforming the U.S. economy into a highly competitive, yet very green giant. April 22, 2021.