Today, President Joe Biden announced an aggressive new target for greenhouse gas emission reductions. The United States will aim to reduce emissions by 50-52 percent below 2005 levels by 2030.

The President made the announcement during the Leaders Summit on Climate held on Earth Day. The Administration is looking to decarbonize the energy and transportation sectors through increased investment and strategic planning with a focus on kickstarting more domestic jobs. The new emissions reduction target will build upon the already announced $2 trillion proposed infrastructure package.

From coverage by CNBC:

“This is the decisive decade,” Biden said at the summit on Thursday morning. “This is the decade that we must make decisions to avoid the worst consequences of the climate crisis.”

“This is a moral imperative. An economic imperative. A moment of peril, but also a moment of extraordinary possibilities,” the president said.

All 40 world leaders the president invited to the virtual summit will be attending, including those from China and India, and are anticipated to make new commitments.

For more information, view the press release.