Dive Brief:
President Joe Biden is considering doubling Obama-era decarbonization goals, which would amount to a 50% cut to emissions by 2030, and could announce the economy-wide targets at an upcoming April 22 climate summit with world leaders, Ethan Zindler, head of Americas at BloombergNEF (BNEF), said Tuesday at a virtual energy summit.
Also on Tuesday, hundreds of businesses and investors published a pair of open letters to Biden, indicating their support for a 50% carbon reduction target. The We Mean Business coalition and Ceres organized and published one letter, and another was published by E2.
U.S. Secretary of Energy Jennifer Granholm also spoke at the BNEF Summit but did not directly address the chances for a 50% carbon reduction goal. She touted the potential for development of a national clean energy standard, but also said that will require significant negotiations within Congress.