Aggressive US climate plan puts pressure on China, India

Bloomberg

An ambitious pledge to cut greenhouse-gas emissions under consideration by the US gives President Joe Biden more leverage when he hosts leaders for a climate change summit later this month — presenting a particular challenge to China’s Xi Jinping.
The White House may commit to emissions cuts of 50% or more from 2005 levels by 2030, Bloomberg reported this week. Officials are looking at opportunities across the federal government on standard-setting, clean energy investments and resilient infrastructure plans, according to people familiar with the deliberations.
It’s uncertain whether the US can actually deliver on such a bold plan, but the indication that Biden is willing to significantly up the ante on emissions targets may put pressure on China, which has already tried to position itself as a leader in reducing greenhouse gases.
The US administration is fashioning the aggressive target as it seeks to rebuild trust with nations wary after former President Donald Trump withdrew from the Paris agreement and dismantled domestic policies key to driving the country’s promised emissions cuts.
At stake is the ability to create standards and develop equipment and technologies that will be used for decades to transition the global economy away from fossil fuels with advances in everything from renewables to electric vehicles to greener steelmaking. “You can cancel regulation, but you can’t erase technological advances,” said Lauri Myllyvirta, lead analyst with Centre for Research on Energy and Clean Air. “Hopefully the US domestic plans will be followed by ambitious programs to invest in the low-carbon transition in emerging countries.”