Rhodium: US greenhouse gas emissions fell in 2023, despite economic growth

Read the full story at ESG Dive.

Greenhouse gas emissions declined 1.9% in the United States last year, the largest non-pandemic influenced fall since 2016, despite a projected 2.4% economic growth for the country in 2023, according to a preliminary estimate Rhodium Group released Wednesday.

The environmental think tanks said the decline was driven by decreased emissions in the power, residential and commercial sectors, while the transportation and industrial sectors — the two highest emitters — each saw a modest rise in emissions, compared to a 2022 baseline.

U.S. emissions are still below pre-2019 levels, after the COVID-19 pandemic caused an 11.2% drop in 2020 before two consecutive years of rising emissions. However, the nation is still well off track of its Paris climate accord emissions targets. Rhodium estimates the nation needs to more than triple its rate of emissions decline and sustain that each year until 2030 to reach its goals.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.