U.S. President Joe Biden will be attending a CEO Summit on Semiconductor and Supply Chain Resilience via video conference on April 12, 2021 in the Roosevelt Room at the White House in Washington, DC.
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More than 300 companies and investors call on the president Joe Biden Nearly double US targets to bring planet-warming emissions below 2005 levels by 2030.
In one Letter published Tuesday, Business leaders of companies like Google, Apple, Walmart, Unilever and General Electric praised the Biden administration for Re-entry into the Paris Climate Agreement and address them aggressively Climate change.
This is preceded by pressure from executives from some of the country’s largest companies to set a goal of reducing emissions of carbon dioxide, methane and other gases by at least 50% – a goal that is in line with the wishes of environmental groups Climate summit of world leaders The administration is hosting April 22nd.
The White House plans to present a stricter emissions target for the Paris Agreement at or before the summit of world leaders. The Obama administration wanted to cut emissions by up to 28% below 2005 levels by 2025, but the former president did Donald Trump stopped federal efforts to achieve this goal and pulled the US out of the Paris Agreement.
The companies that signed the letter have annual sales of more than $ 3 trillion and assets of more than $ 1 trillion. The letter points to a shift in the private sector to address its own effects of climate change and better align with the goals of the Biden government, which has vowed to put the country on a path to zero carbon by 2050 .
Biden’s climate aspirations, including A comprehensive infrastructure package that invests heavily in clean energy technologiesThis would be paid for in large part through a rise in corporate tax rates, which could raise objections from some of the companies that signed the letter.
The president has also promised to introduce new regulations for fossil fuel manufacturers, automobiles and electricity utilities. Signers of the letter are utilities like PG & E Corp. and Exelon but no significant oil and gas companies.
“Many of us have set or are setting emissions reduction targets in line with climate science since the Paris Agreement was signed,” the letter said. “The private sector has bought renewable energy at record prices and, along with countless cities across the country, many have committed to a zero-emission, net future.”
Almost every country is part of the Paris Agreement, a landmark non-binding agreement between nearly 200 nations to reduce their emissions to warm the planet. The USA is the second largest greenhouse gas emitter in the world.