In 2024, America's climate initiatives hit a snag as greenhouse gas emissions decreased by only 0.2 percent compared to the previous year, amidst a 3 percent surge in electricity demand. This lackluster performance is revealed through estimates from the Rhodium Group. The rise in energy consumption has effectively countered the benefits of the accelerated growth in renewable resources, with natural gas being increasingly used to meet rising power needs.
Since 2005, greenhouse gas emissions in the U.S. have seen a roughly 20 percent decline—an achievement during a period of economic growth. However, keeping up with President Biden's ambitious climate goal of halving emissions by 2030 requires an annual decline nearly ten times greater than the past decade's average. The recent presidency shift may further jeopardize these efforts, as President-elect Donald Trump has signaled intentions to reverse current climate policies in favor of fossil fuel production.
Experts note the challenges ahead, with Rhodium Group's Ben King stating, “It is significant that the U.S. economy has seen growth alongside reduced emissions, but this progress is insufficient for meeting our climate objectives.” The data surrounding energy generation also highlights the ongoing reliance on non-renewable sources, demonstrating an urgent need for effective policies that can reconcile the increasing electricity needs with sustainable practices.
