Actionable news
0
All posts from Actionable news
Actionable news in FSLR: First Solar, Inc.,

Michael Bloomberg: U.S. Can Meet Paris Climate Goals (With Or Without Supreme Court)

Invest with Confidence. Are you a financial professional? Stay on top of your portfolio with Benzinga Pro's real-time newsfeed and alerts and never miss a headline again.
Don't miss the chance to try it FREE today.

First Trust ISE-Revere Natural Gas ETF ETF:FCG, First Solar, Inc. NASDAQ:FSLR - Michael Bloomberg: U.S. Can Meet Paris Climate Goals With Or Without Supreme Court

The United States is well on its way to "meet and probably exceed" its commitment to a 26–28 percent emissions reduction 2025, Michael Bloomberg wrote on Bloomberg View.

Bloomberg's comments come as the world leaders are set to gather in New York Friday in order to sign the Paris Agreement on climate change. Contextually, the U.S. Supreme Court's hold on the Obama administration's Clean Power Plan.

"Their concern is understandable, but it's important to recognize: The federal government is not the primary force in the U.S. fight against climate change, and even if the court ultimately strikes down certain parts of the plan, the U.S. will meet and probably exceed its commitment to reduce emissions by 26 to 28 percent by 2025," Bloomberg wrote.

Related Link: World Allergy Week 2016 Explores How Climate Changes Affect Pollen And Mold Allergies

According to Bloomberg, irrespective of the court ruling, "the federal government will still have a mandate, under the Clean Air Act, to limit carbon pollution from power plants, cars and trucks, and other major sources."

Bloomberg, who is the UN secretary-general's special envoy for cities and climate change, said the target is "modest," as by 2015, the United States had already cut emissions by 11 percent compared to levels from the decade-ago period.

"So our starting line was nearly halfway to our goal. Given this progress, many of us believed that President Obama should have set a more ambitious target. Even now, with the Clean Power Plan on hold, a more ambitious goal is achievable," Bloomberg concluded.

© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.