The US is on track to miss its Paris Agreement emissions target by 7 billion tons following the rollback of clean energy policies and passage of the aforementioned budget bill. (CarbonBrief)
Instead of slashing emissions 50% from 2005 levels by 2030, US emissions are now projected to fall just 20% over that time period—a mere 3% drop from today. Most of that shortfall stems from gutted tax credits for renewables, EVs, and clean manufacturing.
The emissions gap carries a $1.6 trillion global climate cost, with US energy prices forecast to rise 7% by 2026 due to slower capacity growth.
