Source: Canary Media
Excerpt:
America’s industrial sector is on track to become the nation’s biggest source of planet-warming emissions by 2035, according to Rhodium Group.
While the Inflation Reduction Act’s clean energy and electric vehicle subsidies are set to drive significant emissions reductions in both the power and transportation sectors over the next decade, industrial emissions are expected to remain stubbornly high.
With the policies currently in place, the report projects that overall U.S. emissions will be between 32 and 51 percent below 2005 levels in 2035.
The main driver of that decline will be the power sector, where emissions are expected to plummet over the next decade as more and more wind, solar, and storage projects plug into the grid. Transportation is the next biggest contributor. Rhodium Group forecasts the sector — currently the biggest source of carbon emissions in the U.S. — will cut its emissions by about 23 percent between 2022 and 2035.
Read more: Heavy industry is the next big climate problem to tackle