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Biden uses summit of climate leaders to map out a roadmap to cut CO2 emissions by 50% by 2050.

At a virtual climate summit on April 22, US President Joe Biden pledged to take steps to lead his country on a path towards a net zero net economy by 2050. .

“By sustaining those investments and bringing these people to work, the United States is set to cut greenhouse gas emissions in half – by the end of the decade. That’s where we go as a nation, and that’s what we can do if we take action to build an economy that is not only more prosperous, but also healthier, fairer. cleaner and cleaner for the whole planet, ”said Biden. “These steps will put America on a path to a net zero net economy no later than 2050. But the truth is, America accounts for less than 15% of world emissions. No country can deal with this crisis on its own, as I know you all understand. All of us, all of us – and especially those representing the world’s biggest economies – we have to step up. “

Biden notes that this summit is the first step on the road to and through Glasgow this November and the United Nations Climate Conference. “We have to move. We have to move quickly to meet these challenges. The steps our countries take from now to Glasgow will help the world succeed in protecting livelihoods around the world and keeping global warming to a maximum of 1.5 degrees Celsius. We have to be on the road right now to do that, ”he said.

When moving to the first US-enacted International Climate Finance Plan, Biden explained that the Plan outlines the specific steps federal agencies will take to increase both quality and quantity. amount of climate finance. “And it will help us push the private sector to contribute more to climate solutions in developing countries and here at home,” he said.

The Climate Finance Plan calls for scaling up international climate finance and enhancing its impact, mobilizing international private finance, ending international formal financing for fuel-based energy fossils use a lot of carbon, align capital flows with low-emission, climate-adaptive, and international climate financial identification, measurement, and reporting of the United States.

Biden’s announcement comes the day after the European Union reached an agreement that is expected to make the 27-member bloc climate neutral by mid-century.

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