Published 20:32 IST, January 12th 2021
Greenhouse emissions plunge to its lowest in US since World War II: Report
The US witnessed a drop of 10.3% in greenhouse gas emissions in 2020 due to the crippling effects of COVID-19 on its economy, according to Rhodium Group report.
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United States witnessed a drop of 10.3% in greenhouse gas emissions in 2020 due to crippling effects of COVID-19 on its ecomy, according to a report released by Rhodium Group. report states that 2020 saw single largest drop in annual emissions in United States since World War II, outpacing 2009 recession when GHG emissions plunged 6.3%. greenhouse gas emissions in US is 21% below 2005 levels, way ahe of its 17% reduction target agreed under Copenhn Accord.
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incoming Joe Biden ministration has pledged to rejoin Paris Climate Agreement after taking over White House. Under Paris Accord, US would require to fulfill its target of 26-28% GHG emissions reduction below 2005 levels. However, target looks almost impossible to achieve with US slowly moving towards rmalization, conducting COVID-19 vaccination campaigns across country in order to bring back ecomy to its feet. Once ecomy is brought back to pre-COVID-19 level and herd immunity is achieved, things will get back to rmal and emissions will pick up pace again.
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Effects of COVID-19 on US ecomy
emissions reduction in 2020 did t come cheap as unemployment hit an all-time high of 14.7% in April at peak of lockdowns. most hit sectors by lockdowns were transportation and power industry, leing sources of US GHG emissions. In October, International Monetary Fund (IMF) forecasted that US GDP would decline by 4.3% in 2020, well beyond contraction of 2.5% during 2009 recession.
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suffering that COVID-19 inflicted on humans is even greater than ecomic dam as more than 3,50,000 people have lost ir lives to date in US alone, while over 20 million Americans were infected by disease. Across world, 91 million people have been infected by virus, while 1.95 million have lost ir lives, a tally way bigger than any pandemic has ever caused in recorded history.
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20:32 IST, January 12th 2021