Globally, the International Energy Agency estimates that moving to a net-zero economy would create 30 million jobs worldwide by 2030 across energy, construction, and automotive sectors, 65% of which will be high-skilled jobs. The United States is committed to realizing not only the emissions reductions potential, but also the economic growth and jobs creation opportunities across key sectors.
Through tackling methane emissions, spurring innovations, and supporting sustainable agriculture, President Biden is announcing bold steps that will push the U.S. clean energy economy forward and create good-paying jobs. President Biden is unveiling a U.S. Methane Emissions Reduction Action Plan that redoubles efforts from across the government to dramatically reduce U.S. methane emissions, cut consumer costs, protect workers and communities, maintain and create high-quality, union-friendly jobs, and promote U.S. innovation and manufacturing of critical new technologies.
Reducing Methane Emissions: Methane emissions are a major contributor to climate change, which is why President Biden is taking critical, commonsense steps at home to reduce methane across the economy – all while rallying the rest of the world to take similar bold actions.
This is why President Biden in September announced that the United States was joining with the European Union in challenging the world to meet a Global Methane Pledge and reduce the world’s methane emissions 30% from 2020 levels by 2030. More than 90 governments have now joined the pledge, including 15 of the world’s top 30 methane emitters: the United States, EU, Indonesia, Pakistan, Argentina, Mexico, Nigeria, Iraq, Vietnam, Canada.
The new U.S. Methane Emissions Reduction Action Plan is an ambitious, whole-of-government initiative that uses all available tools – commonsense regulations, catalytic financial incentives, transparency and disclosure of actionable data, and public and private partnerships – to identify and cost-effectively reduce methane emissions from all major sources. These actions will protect public health, promote U.S. innovation in new technologies, and help employee tens of thousands of skilled workers across the country. The plan aims to reduce:
The United States is also announcing that it will be joining the High-Level Panel for a Sustainable Ocean Economy. This multi-national initiative is harnessing the power of the ocean to tackle the climate crisis, provide jobs and food security, and accelerate sustainable uses of the ocean. As a member of the Ocean Panel, the U.S. will develop a national plan to sustainably manage our ocean area under national jurisdiction. COP26 is a timely moment to join this initiative.
The ocean sustains all life on this planet, yet its health is under threat from greenhouse gas emissions and other stressors. At the same time, the ocean is a source of climate solutions, from reducing shipping emissions, to scaling up offshore renewable energy, to protecting coastal ecosystems that store carbon and improve climate resilience. This is one step in continued efforts to engage on protecting the ocean, including partnering with Palau on the Our Ocean Conference in 2022.