World
Biden's big emissions plan: President Biden has announced a bold emissions target, but how does the US get there?

Biden's big emissions plan: President Biden has announced a bold emissions target, but how does the US get there?

This week President Biden announced an ambitious climate target for the United States: cutting the country's emissions in half by 2030, relative to 2005 levels.

Playing catch-up

The chart above explains why this is going to require a monumental effort. The green line shows what US emissions would look like if they had been cut at a steady pace (straight line) from 2005 to 2030. The actual US emissions in blue are not falling at that pace — although they are going down.

To be more specific, in order to meet this new goal, US carbon equivalent emissions would have had to fall at a pace of ~120 Mt CO2 per year since 2005. Instead they've fallen at ~60 Mt CO2. To catch up to the required pace, they need to drop at ~200 Mt CO2... which is a pretty steep acceleration.

What about the pandemic, didn't emissions fall a lot in 2020?

Indeed they did, around 10% according to estimates from the International Energy Agency. The issue is that the 2020 drop (not plotted on the chart) was likely only temporary thanks to reduced economic activity that is, already, bouncing back. Meeting Biden's target will require significantly more permanent effort, investment and change.

More World

See all World
world

Solar generated more power than coal for the first time in US history

At the same time that the Trump administration is pushing further toward coal power, announcing plans only last week to invest almost $700 million into reviving the industry, a key renewable energy source has just hit a major milestone in the US.

New data from energy think tank Ember, released Wednesday, shows that solar supplied 12.8% of US energy generation in May — marking not only the highest share ever recorded for the clean energy source, but also the first time that solar has generated more monthly energy than coal in the US, which supplied 12.2%.

Coal vs Solar May 2026
Sherwood News
world

US and Iran trade strikes overnight amid peace talks

Hours after President Donald Trump dismissed a report regarding a deal to restore traffic through the Strait of Hormuz, the US and Iran exchanged fresh strikes early on Thursday.

Despite an ongoing ceasefire as the countries hold talks to end the conflict, the US carried out new strikes inside Iran, The Guardian reports, prompting a retaliatory attack from Iran on a US airbase in Kuwait.

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.