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One World Trade center seen as a factory emits smoke on January 18, 2018, from Newark, New Jersey. Photo: Kena Betancur/VIEWpress/Corbis via Getty Images

New York and all six states in New England have aggressive, long-term, economy-wide CO2 emission reduction targets, with five having set a goal of reducing emissions 80% from 1990 levels by 2050. According to the most recent data, the Northeast has achieved a 16% economy-wide reduction from that benchmark.

Yes, but: Despite this progress, the current rate of reductions is insufficient to meet the 2050 goals. To do so, Northeastern states would have to triple the pace of gains made between 1990 and 2015.

In order to meet interim goals by 2030, emissions would have to be reduced across the three dominant energy sectors that involve CO2 combustion: electricity generation, transportation and heat:

  1. The electricity sector would need to achieve a 67% zero-carbon electricity supply, as opposed to 45% today.
  2. In the transportation sector, the number of light-duty electric vehicles on Northeast roads would need to reach more than 10 million (50% of all light-duty vehicles), compared with fewer than 75,000 today.
  3. In the heat sector, the rate of efficiency retrofits would need to double, and nearly 5 million oil-heated buildings would need to convert to electric-heat pumps or natural gas.

Ways to guide the transformation:

  1. Address the highest-emitting fuels and sectors first. This means a rapid transition from using the most expensive and pollution-heavy heating and transport fuels.
  2. Optimize existing electric grids and gas networks to ensure a cost-effective transition.
  3. Avoid price shocks to the customer. Achieving these goals will require an array of new investments, and higher cost pathways can limit business competitiveness and popular support.

The bottom line: An economy-wide transformation will require customer engagement, new policy frameworks and rapid technological innovation.

Mike Calviou is senior vice president of strategy and regulation at National Grid.

Go deeper: Read National Grid's full report.

Go deeper

Twitter labels tweet from RT implying voter fraud in U.S. elections

Photo: Omar Marques/SOPA Images/LightRocket via Getty Images

Twitter on Thursday labeled a tweet from Russian state media outlet RT (formerly Russia Today) that included a video implying widespread voter fraud is plaguing, and potentially delegitimizing, the U.S. election.

Why it matters: It's the first time Twitter has labeled RT's account with a civic integrity label, or a designation used to highlight efforts to manipulate or interfere in elections or other civic processes.

1 hour ago - Health

U.S. tops 88,000 COVID-19 cases, setting new single-day record

Expand chart
Data: COVID Tracking Project; Chart: Axios Visuals

The United States reported 88,452 new coronavirus cases on Thursday, setting a single-day record, according to data from the COVID Tracking Project.

The big picture: The country confirmed 1,049 additional deaths due to the virus, and there are over 46,000 people currently being hospitalized, suggesting the U.S. is experiencing a third wave heading into the winter months.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day.
  2. Politics: Top HHS spokesperson pitched coronavirus ad campaign as "helping the president" — Space Force's No. 2 general tests positive for coronavirus.
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases.
  4. Sports: MLB to investigate Dodgers player who joined celebration after positive COVID test.
  5. 🎧Podcast: The vaccine race turns toward nationalism.