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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
"World Calls on China to Lead": Urgent Climate Demands Escalate Ahead of Pivotal Global Sustainability Transition Conference.China is positioned to lead global climate action with its dominance in...more
Report outlines four high-impact intervention areas from education and prevention to surveillance and treatment to guide funders and partners.AMR could cost Asia up to US$700 billion by 2050 and...more
The McGregor Lakes Area Foundation (MLAF) continues to make a meaningful impact by investing in the people and programs that strengthen the region.MLAF is a non-profit 501(c)3 organization based in...more
Leuven's Pilot City Activity aims to decarbonise heating in the city.The new heating systems will rely on green heating technologies that minimise environmental impact by reducing fossil fuel...more
National Planning Secretary Koney Samuel says the government must focus on high impact investments to transform the economy in the next five to 10 years.Mr Samuel said the country cannot afford to...more
ABC Impact, the Asia-focused impact investment firm, has successfully completed the final closing of its second fund at over USD 600 million.ADB's investment in ABC Impact Fund II reflects our...more
Game-changing heart health innovations pitched live at inaugural Catalyst Partnership Grants Showcase.The two-day event, held at the Grand Hyatt on 25 26 March, brought together more than 300 people...more
'Crucial for climate impact': Ag startups from APAC sought for new accelerator programme.Ten founders will be selected, with the programme culminating in a demo day on Thursday, November 6 in...more
ABC Impact's 2024 Impact Review highlights the firm's continued growth and strategic focus across sectors vital to Asia's sustainable development.The firm remains committed to deploying capital into...more
Impact in listed equities can deliver competitive returns, report says.Report by Schroders and the Said Business School.Findings challenge the assumption that purpose-driven investing requires...more
Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
