Power companies urge Biden to implement policies to cut emissions 80% by 2030

WASHINGTON - A group of U.S. electricity companies wrote to President Joe Biden this week saying it will work with his administration and Congress to design a broad set of policies to reach a near-term goal of slashing the sector's carbon emissions by 2030.

The letter, a copy of which was seen by Reuters, did not mention Biden's goal to fully decarbonize the power sector by 2035 as part of his strategy to fight climate change. But it said the 2030 timeline is consistent with Biden's wider goal of decarbonizing the entire economy by 2050. Several lawmakers, including Democrats U.S. Representative Frank Pallone and Senator Tina Smith, have introduced legislation that includes a CES.

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Source: CNBC - 🏆 12. / 72 Read more »