Heavy industry set to overtake transportation as largest source of U.S. emissions
- Ben Geman, author of Axios Generate
Greenhouse gas emissions from power plants and tailpipes get lots of attention, but a new analysis offers a proposal to cut emissions from another huge source — heavy industry.
Why it matters: The Rhodium Group estimates that industry will overtake transportation as the largest source of U.S. emissions sometime in the middle of this decade (you can see the biggest sources above).
- And it comes as the incoming Biden administration is vowing new efforts to curb heat-trapping gases across the economy.
The big picture: Their study proposes a "clean products standard" that would cover both goods manufactured and imported into the United States.
- The topline idea is that it would "establish the maximum amount of [greenhouse gases] per unit of material produced that can be emitted in the production of covered industrial products."
The intrigue: Manufacturers would have lots of leeway to employ methods to meet the standards, such as through the use of low-carbon power and manufacturing feedstocks, efficiency improvements, and carbon capture.
The odds: New mandates — even ones that envision market-friendly mechanisms like credit trading — face immense hurdles in Congress, especially if the GOP retains the Senate.
- But the analysis also suggests that legislation focusing on government procurement could be an initial step toward wider introduction of the idea.