against policies that support the growth of clean energy and limit greenhouse gas emissions, the IRA finally looked like it could get the US back on track to Paris Climate Agreement goals. While the estimated decrease in emissions is notable, however, we’re still not on track to reach these lofty goals with the IRA alone.
, this time including projecting the greenhouse gas reductions of the policy for the coming decades. What they’ve found is that the current policies, as of June 2023, put the US on track to decrease emissions 32 to 51 percent below 2005 levels by 2035.
However, a challenge still lies in the industry sector of emissions reductions, where the law has a negligible impact on fossil fuel use from things like petroleum refining and steel production. “A bunch of these emissions are coming from burning stuff to heat stuff up,” Ben King, an associate director with Rhodium and lead author of the report, told the. “We think there’s an opportunity to electrify those processes, but we’re still trying to crack the nut on those solutions.
On top of that, continuing progress in power reductions would require an addition of 32-92 gigawatts of wind and solar power every year between now and 2035. According to the report, 32 GW of renewables is “roughly equivalent to the best year of renewable installations on record.”The report goes to show that federal policies can only take the country so far—reaching Paris Agreement goals is possible with supporting policies at the state level.
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