Businesses Push Biden on Emissions Pledge

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A group of more than 300 firms based in the US and Europe in a letter Tuesday urged US President Joe Biden to pledge an aggressive 50% reduction in carbon emissions by 2030. The group includes energy firms in the utilities and renewables sectors, including Iberdrola, Enel, Edison International, PG&E and EDF Energie. Oil and gas firms were largely absent. The companies, many of which focus on consumer products or retail, are joining a push from more progressive climate activists for a 50% reduction in US greenhouse gas (GHG) emissions over 2005 levels. The Biden administration is currently preparing its Nationally Determined Contribution to the Paris Agreement -- a pledge countries submit to the UN detailing emissions targets (OD Apr.6'21). Biden has made aggressive climate action a top priority for his White House, both in diplomacy and in domestic programs (OD Apr.9'21). A target of a 50% reduction in GHG emissions by 2030 is much more aggressive than the 25%-28% by 2025 goal laid out by former US President Barack Obama.

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