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US aims to reduce emissions by up to 52% by 2030

- Creating "millions of good-paying and middle-class jobs" while cutting emissions is at center of Biden's climate policy

home > Americas 22.04.2021 13:08 Nuran Erkul

US aims to reduce emissions by up to 52% by 2030

The US aims for a reduction of 50-52% in greenhouse gas emissions by 2030 from 2005 levels, creating a carbon pollution-free power sector by 2035 and a net-zero emissions economy by no later than 2050, a statement from the White House said Thursday.

The new emissions-cutting target announcement came before the Leaders' Summit on Climate that President Joe Biden is holding with 40 leaders from around the world to combat climate change.

The US, withdrawing from the Paris Agreement during the previous administration under Donald Trump, rejoined the pact on day one of Biden's presidency and set a course for reaching net-zero emissions economy-wide by no later than 2050.

'There are multiple paths to reach these goals, and the US federal, state, local, and tribal governments have many tools available to work with civil society and the private sector to mobilize investment to meet these goals while supporting a strong economy,' the statement said.

The US's new target prioritizes 'creating millions of good-paying, middle class, union jobs' in clean and efficient infrastructure, electric vehicles, carbon capture and hydrogen technologies, the White House said.

According to the statement, the target is consistent with the President’s goal of achieving net-zero greenhouse gas emissions by no later than 2050 and of limiting global warming to 1.5 degrees Celsius as the science demands.

The National Climate Task Force will develop a national climate strategy to be issued later this year by determining standards, incentives and support programs to achieve the targets.

The country, to reach 100% carbon pollution-free electricity by 2035, will benefit from carbon capture and energy storage technologies and existing nuclear capacity.

'The US can reduce carbon pollution from the transportation sector by reducing tailpipe emissions and boosting the efficiency of cars and trucks, providing funding for charging infrastructure and spurring research, development, demonstration, and deployment efforts that drive forward very low carbon new-generation renewable fuels for applications like aviation, and other cutting-edge transportation technologies across modes,' the statement said.

It added that the US would also reduce non-CO2 greenhouse gases, including methane, hydrofluorocarbons and other potent short-lived climate pollutants.

Reducing these pollutants will deliver fast climate benefits, and through investments in innovation, reliable and resilient clean technologies and infrastructure will be improved, the statement said.

By Nuran Erkul Kaya

Anadolu Agency

energy@aa.com.tr



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- Petrobras holds majority share at 52.5% while Shell and TotalEnergies have 25% and 22.5%, respectively
28.04.2022 Finance , International Relations , Europe , Americas

US crude oil inventories up 0.2% for week ending April 22

- Commercial crude oil stocks increase by 700,000 barrels, against market expectation of 2.16 million-barrel rise
28.04.2022 Oil , Americas

Changes seen in hydrocarbon trade as countries compensate for Russian supply losses

- EU picks up more oil and gas from Middle East and US, while more volumes from West Africa and Latin America make their way to US
28.04.2022 Natural Gas , Europe , Americas

Oil up over escalating supply woes as Russia halts gas to Poland, Bulgaria

- US crude oil inventories are expected to rise by over 4.78 million barrels, limiting further price increases
27.04.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil up despite low China demand over COVID-19 lockdowns

-Russia-Ukraine war, however, continues to put upward pressure on prices, raising supply fears
27.04.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

US oil rig count up by 1 for week ending April 22

- Number of US oil rigs rise by 206 compared to one year ago
26.04.2022 Oil , Americas

Oil prices drop almost $7 with weaker global growth in w/e April 22

- Brent crude trades at $106.57 per barrel at 1005 GMT on Friday, marking $7 drop from Monday's closing of $113.16
22.04.2022 Oil , Americas , Middle East-Africa

Oil down from potential US interest rate hike, weak economic growth rates

- Higher US interest rate means higher US dollar rate and more expensive oil trade for buyers holding other currencies
25.04.2022 Oil , Asia , Americas

Baker Hughes acquires firm to advance next-generation carbon capture tech.

- Investments in developing carbon capture and removal technologies necessary to meet climate goals
21.04.2022 Invesments , Renewable , Americas

US crude oil inventories down 1.9% for week ending April 15

- Commercial crude oil stocks decrease by 8 million barrels, against market expectation of 2.5 million-barrel rise
21.04.2022 Oil , Americas

US crude oil inventories up 2.3% for week ending April 8

- Commercial crude oil stocks increase by 9.4 million barrels, more than market expectation of 1.4 million-barrel rise
14.04.2022 Oil , Americas

Oil volatile with stalemate in Russia-Ukraine talks, rise in demand risks

- Conflict in Ukraine, OPEC+ output decisions, rate at which US oil and natural gas producers increase drilling are main drivers of price uncertainties in 2022
14.04.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Biden to unveil homegrown biofuels to mitigate oil price hike

- US Department of Agriculture to provide up to $700M funding through new biofuel producer program
13.04.2022 Americas

US energy agency revises down oil price forecast for 2022

- International benchmark Brent crude now estimated to average $103.37 per barrel in 2022 and $92.57 per barrel in 2023
13.04.2022 Oil , World , Americas

Oil up as China eases pandemic restrictions, OPEC warns of supply risks

- OPEC warns EU that sanctions on Russia could create severe oil supply shocks, the supply gap from which would be impossible to replace
13.04.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil down with weakening demand in China and release of emergency reserves

- Investors await supply and demand data from OPEC on Tuesday and International Energy Agency on Wednesday
11.04.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

US oil rig count up by 13 for week ending April 8

- Number of US oil rigs rise by 209 compared to one year ago
10.04.2022 Oil , Americas

US Congress revokes Russia’s 'most favored nation' status; bans oil, gas

- 2 bills clear House floor after unanimously passing in Senate
08.04.2022 Oil , World , Eurasia , Americas

US crude oil inventories up 0.6% for week ending April 1

- Commercial crude oil stocks increase by 2.4 million barrels, against market expectation of 1.6 million barrel fall
07.04.2022 Oil , World , Americas

Chevron joins Global Centre for Maritime Decarbonization

- Company aims to help create scalable lower-carbon technologies, such as those that enable use of ammonia as a maritime fuel
07.04.2022 World , Europe , Americas

Limiting global warming to 1.5°C beyond reach without deep emissions reductions

- Options in all sectors available to at least halve emissions by 2030 but major energy sector transitions are required, IPCC scientists say
05.04.2022 Renewable , International Organization , Europe , Americas

US oil rig count up by 2 for week ending April 1

- Number of US oil rigs rise by 196 compared to one year ago
02.04.2022 Oil , Americas

Biden announces historic oil reserve release 'to ease the pain'

- US to release 1M barrels of oil per day for 6 months, US president says
01.04.2022 Oil , Americas

Oil slightly down as investors weigh impact of huge US emergency oil release

-Member countries of International Energy Agency are expected to meet later on Friday to discuss further release of crude oil from emergency stocks
01.04.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil down as US due to announce massive oil release from emergency stocks

- Country is currently holding 568.3 million barrels of crude oil in its reserves
31.03.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

US crude oil inventories down 0.8% for week ending March 25

- Commercial crude oil stocks decrease by 3.4 million barrels, against market expectation of 1.6 million barrel fall
31.03.2022 Oil , Americas

Oil down over weakening demand in China, ongoing Russia-Ukraine talks

- Investors are monitoring upcoming meeting of major oil producers of OPEC+ group, of which Russia is a member
30.03.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil down over lingering demand fears from Chinese lockdown

-Home to over 28 million people, Shanghai will be locked down for eight days
29.03.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

US oil rig count up by 7 for week ending March 25

- Number of US oil rigs rise by 207 compared to one year ago
26.03.2022 Oil , Americas

Biden's LNG export pledge to Europe corresponds to Russia's annual LNG export share

- Russia's annual volume of 15 billion cubic meters of LNG last year equals Biden's planned additional volume to Europe
26.03.2022 Lng/Lpg , World , Europe , Americas

Under new deal, US to supply more liquefied gas to EU

- EU, US strike deal on additional 15 billion cubic meters liquefied natural gas to curb dependence on Russian energy
26.03.2022 Lng/Lpg , World , Europe , Americas

US, Europe's natural gas 'hope' to lead LNG exports by year end

- Currently 6 LNG terminals are operating in US, but more terminal expansions and new terminals are planned
25.03.2022 Natural Gas , Energy Diplomacy , Europe , Americas , General

US, allies announce new sanctions on Russia over Ukraine war

- White House says 600 Russian targets have been sanctioned by US since beginning of war in Ukraine
25.03.2022 World , Eurasia , Americas

Oil prices down after $2+ rise in earlier trade fueled by supply worries

- Possibility of positive outcome on Iran nuclear talks limits price increases
24.03.2022 Oil , Europe , Americas , Middle East-Africa

US crude oil inventories down 0.6% for week ending March 18

- Commercial crude oil stocks decrease by 2.5 million barrels, against market expectation of 25,000-barrel rise
24.03.2022 Oil , Americas

US puts onus on Iran to decide to return to nuclear deal

- An agreement is neither imminent, nor is it certain, says State Department spokesman
23.03.2022 Nuclear , International Relations , Americas , Middle East-Africa

Oil jumps amid reports of possible EU sanctions on Russian oil sector

- International Energy Agency last week suggested that 10 practical, energy efficiency measures could cut 2.7 million barrels per day of oil
21.03.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

US oil rig count down by 3 for week ending March 18

- Number of US oil rigs rise by 206 compared to one year ago
21.03.2022 Oil , Americas

US crude oil inventories up 1.1% for week ending March 11

- Commercial crude oil stocks increase by 4.3 million barrels, against market expectation of 1.9 million barrel fall
20.03.2022 Oil , Americas

Oil prices show gains on hopes of successful outcome to Ukraine-Russia talks

- Prices drop as low as $96.44 a barrel during previous session
17.03.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil down on easing supply fears with upcoming talks between Russia and Ukraine

- Price fall comes after highly volatile market last week, with Brent hitting over $139 a barrel
15.03.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

US oil rig count up by 8 for week ending March 11

- Number of US oil rigs rise by 218 compared to one year ago
14.03.2022 Oil , Americas

As US scrambles to find alternatives to Russian oil, experts see Iran as best option

- Venezuelan oil industry has been struggling with technical difficulties, but Iran has never stopped output after US sanctions in 2018, experts say
14.03.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil edges higher as supply risks endure over Russia-Ukraine war

- Highly volatile prices with ongoing Russia-Ukraine war are capped with prospect of no further oil embargoes
12.03.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Eight LNG cargoes to arrive in Turkiye in March

- Turkiye, as part of its energy plan to ensure natural gas storage is fully stocked, is purchasing LNG to avoid supply shortages
10.03.2022 Lng/Lpg , Turkey , Americas , General

US House of Representatives passes bill banning Russian oil, other energy imports

- Bill passes with 414 votes in favor, 17 against
10.03.2022 Natural Gas , Oil , Americas

US crude oil inventories down 0.5% for week ending March 4

- Commercial crude oil stocks decrease by 1.9 million barrels, against market expectation of 833,000-barrel fall
10.03.2022 Oil , Americas

US energy agency revises up oil price forecast for 2022

- International benchmark Brent crude now estimated to average $105.22 per barrel in 2022 and $88.98 per barrel in 2023
10.03.2022 Oil , Americas

Biden's bold move to ban Russian oil comes with costs: expert

- Americans will expect the US to produce more oil and gas domestically, says Richard Kauzlarich
10.03.2022 Oil , Finance , Eurasia , Americas , General

Oil prices gain after US move to ban Russian oil

- Following US announcement of plan to ban Russian oil, prices jump nearly 5% despite prospect of limited impact on US supplies
10.03.2022 Oil , World , Europe , Americas

US bans oil, gas, energy imports from Russia amid war in Ukraine: Biden

- Many of our European allies and partners may not be in a position to join us, US president says
09.03.2022 Oil , World , Americas
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