Trade Groups Support, with Caveats, Biden's Plan to Halve Carbon Emissions

SUGAR LAND, TEXAS--April 27, 2021--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Industry groups were, in general, cautiously optimistic about President Joe Biden's commitment to lower the U.S. economy's greenhouse gas (GHG) emissions by 50% to 52% below their 2005 level by 2030, as announced at last week's two-day virtual summit. For the most part, the groups seemed to agree with the president that a decarbonized economy would lead to increased government investment in their industries (or adjacent ones), an expanding economy, new export opportunities, more tax credits and the prospect of job creation. But most groups said many questions still needed to be answered.