If the U.S. does commit to slashing greenhouse gas emissions by about 50% below 2005 levels by 2030, the U.S. would compare favorably to other major economies, a report finds.
Why it matters: Consulting firm The Rhodium Group evaluated a 50% reduction target against the targets put forward so far by other nations, using different baselines as reference points. The results?
The U.S. would fall behind the U.K. in its level of ambition, nearly on par with the EU, and well ahead of Canada, Australia and Japan.
Flashback: Environmental groups and more than 300 business leaders are calling on the Biden administration to adopt at least a 50% emissions cut as its 2030 target, which it's expected to unveil at or shortly before a virtual summit on April 22.
What we're watching: Whether Japanese Prime Minister Yoshihide Suga will use a state visit to Washington on Friday to announce a new, more stringent 2030 target.