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While the data is only preliminary, this uptick in emissions shows that the US remains behind its target of reducing GHG emissions from 50% to 52% below 2005 levels by 2030 set by the Paris Agreement.
Last year, emissions reached only 15.5% below 2005 levels.
To meet the 2025 target of 26% to 28% below 2005 levels and get back on track for the 2030 Paris goal, the US needs to significantly increase its efforts.
Fortunately, there are some bright spots.
For one thing, despite last year's rise in emissions, GDP growth outpaced the increase in GHG emissions in 2022, as opposed to 2021.
Plus, the passage of the Inflation Reduction Act (IRA) is a significant turning point, and we may start to see its effects on emissions as early as this year if the government can fast-track implementation, with progress expected to accelerate by 2025.
Investors can help achieve this goal by targeting investments centered around decarbonization.Selected Grant News Headlines
Women currently hold just 28% of the world's wealth, but that could soon change.
A new study from the Bank of America Institute finds that by 2030, women in the US will hold more than half of the...more
The Green Climate Fund is the world's biggest dedicated fund designed to help developing countries mitigate and adapt to climate changeand it's looking for new investments.
Henry Gonzalez, the...more
Two of the world's biggest financial institutions have come together to call for an end to plastic pollution.
In a joint statement, Triodos Bank and Triodos Investment Management say it's...more
For two days in March, music fans gathered in Phoenix's Steele Indian School Park for the McDowell Mountain Music Festival, which featured electronic dance music (EDM), R&B, and indie rock.
But...more
"I was working in corporate America for one of the world's largest retail companies, and it was challenging and wonderful in many ways.
But I was finding my truest fulfillment on Saturday...more
It's a sign of the times: A real estate research firm has been bought by a private equity firm in a deal that values the company at more than $1 billion.
The New York Times reports on GRESB's...more
"The climate time-bomb is ticking.
We need to seize the opportunity to invest in credible innovations that can contribute to reaching our global targets," UN Secretary-General Ant ? nio Guterres...more
"The urgency of the climate crisis demands innovative discoveries in research and the seamless integration of these solutions into our daily lives," Erica Smithwick, director of Penn State's Climate...more
Matt Damon and Gary White are putting their money where their mouth is.
The two are co-founder and CEO of WaterEquity, a nonprofit that aims to improve access to safe water and sanitation around...more
Repsol, Spain's largest oil and gas company, is under fire from environmental groups for "greenwashing" its fuelsmeaning using palm oil instead of natural gasand is now facing a lawsuit from another...more
Social Entrepreneurship
Spotlight
Why People Buy from Social Enterprises?
The Guardian has compiled a list of responses to its latest open thread, and has announced the winner of the social enterprise gift hamper packed with presents.
