Paris Accord goal of reducing US Greenhouse Gases Emissions by 26%: achieved by the end of 2024?
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The Paris Accord came into force on November 4, 2016, as a global commitment to reduce climate change. Among other goals, it set targets for each country to reduce its Greenhouse Gas (GHG) emissions. For the US, the goal would be to reduce GHG emissions by 26% by the end of 2024, in comparison to the levels that were verified in 2005.
Although the US withdrew from the Paris Accord during Trump's administration, president-elect Joe Biden has announced the intention to return to it on the first days of his term, in 2021. By 2019, the US' GHG emissions had been reduced by 12% in comparison to 2005, but there is a chance that the 26% goal can still be met if the new administration delivers on its promises of investing heavily in renewable, sustainable, and clean energy.
If by the end of 2024 the United States' Greenhouse Gas annual emissions on any given year are at least 26% lower than they were in the year 2005, this market will be resolved as “Yes”.