Rhodium Says Democrats’ Climate Deal Puts U.S. Near Biden GHG Goal

Preliminary analysis by the Rhodium Group, an energy consulting firm, suggests that Senate Democrats’ nearly $370 billion deal on climate-related spending would be a “historic step forward” for achieving the Biden administration’s target under the Paris Agreement of halving domestic greenhouse gas emissions by 2030. Rhodium’s July 28 analysis says the proposed Inflation Reduction Act could cut U.S. emissions 31-44 percent below 2005 levels by the end of the decade, compared with a 24-35 percent cut under current policy. That...