• Domestically, progress to date includes:
  • Ambitious new targets to cut overall U.S. greenhouse gas emissions 61-66 percent by 2035 relative to 2005 levels, 50 percent electric vehicle sales share by 2030, 100 percent carbon pollution-free electricity by 2035, and a net-zero emissions economy by 2050.
  • Passage of transformative laws – the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law – that are positioning the U.S. to cut emissions in half by 2030. The IRA is the largest ever investment in clean energy and climate action; it is projected to deliver 1 billion tons of greenhouse gas reductions by 2030.
  • Release of the U.S. National Adaptation and Resilience Planning Strategy which outlines what the United States is doing to prepare for the effects of climate change within our borders.
  • The strongest passenger vehicle standards in American history to increase average fuel economy to 49 miles per gallon by 2026 and triple electric vehicle sales since January 2021.
  • Swift steps to cut methane emissions as the fastest and cheapest temperature reduction opportunity, including through strengthened EPA regulations on oil and gas methane mitigation and implementation of the $1.55 billion Methane Emissions Reduction Program and the methane emissions waste charge from the IRA.
  • Over $240 billion in new clean energy manufacturing investments since President Biden took office, and projections that the U.S. is on track to triple wind generation and increase solar generation seven- to eight-fold by 2030.
  • The United States’ Sustainability Plan includes a host of ambitious goals to reduce the federal government’s carbon footprint, including transitioning to 100 percent carbon-pollution free electricity by 2030, 100 percent zero-emissions vehicle acquisitions by 2035, net-zero emissions by 2050, and more.
  • Over $26 billion through the Bipartisan Infrastructure Law to support nature-based solutions, including over $2.1 billion for ecosystem restoration activities, over $3.3 billion for wildfire risk reduction, and almost $20 billion to support the uptake of climate-smart agricultural practices.

• Internationally, the United States is deploying an all-out effort to partner with nations around the world to reduce global emissions sufficiently to limit warming to 1.5°C. These efforts include:
  • Strengthening global cooperation: Rejoining the Paris Agreement, convening three Leaders Summits on climate since 2021, ratifying the Kigali Amendment to the Montreal Protocol, making new pledges to multilateral climate funds, and leading ambitious efforts in various multilateral fora, including ICAO and IMO.
  • Meeting President Biden’s commitment to scale up U.S. international public climate finance to $11 billion by 2024, including $3 billion per year under the President’s Emergency Plan for Adaptation and Resilience (PREPARE) to help millions of people worldwide manage the devastating impacts of the climate crisis.
  • Accelerating the clean energy transition: including through groundbreaking new partnerships with South Africa, Indonesia, Vietnam, and Egypt; the Net Zero World Initiative, Clean Energy Ministerial, and Mission Innovation.
  • Combating deforestation at home and abroad with a whole-of-government approach. The United States is strengthening efforts to conserve and restore America’s forests and other ecosystems and investing in similar efforts around the world through international programming, assistance, finance, investment, trade and trade promotion, and combatting nature crimes and illegal logging.
  • Tackling non-CO2 “super pollutants” including through the Global Methane Pledge, a coalition of 150 countries committed to keep 1.5°C within reach by cutting methane emissions at least 30 percent from 2020 levels by 2030.
  • Reducing global emissions from the shipping sector –  Greenhouse gas emissions from the maritime shipping sector are significant, rising, and on a trajectory that is incompatible with the global temperature goal of the Paris Agreement. Through the Green Shipping Challenge, co-launched with Norway at COP27, the United States is leading the transition to zero-emission shipping as part of our commitment to tackle the climate crisis at home and internationally.
  • Engaging the private sector through platforms such as the Energy Transition Accelerator, First Movers Coalition, and the Agriculture Innovation Mission for Climate that are mobilizing more investment, demand, and markets for innovative solutions in hard-to-abate sectors such as agriculture, heavy industry, and transportation sectors.

The Economic Promise of Climate Action

World Leaders Must Step Up