"U.S. Greenhouse Gas Emissions Rose 1.3% In 2022 - Rhodium"

"WASHINGTON - Greenhouse gas emissions increased slightly from the previous year in 2022 by 1.3%, keeping the U.S. just 15.5% below 2005 levels and off track to meet its global pledge to slash emissions 50-52% by 2030, according to estimates published on Tuesday by research group Rhodium.

The group’s preliminary estimates showed a lower emissions increase for 2022 than 2021, when emissions rebounded 6.5% after plunging 10.6% during the first year of the coronavirus pandemic in 2020.

The report said that unlike 2021, the economic growth rate outpaced the emissions rebound, which means that the carbon intensity of the economy declined.

This was driven by a drop in emissions in the power sector as gas and renewable energy displaced coal, the report said. But building emissions rose by 6% in 2022 due to increased heating demand amid lower-than-average winter temperatures."

Valerie Volcovici reports for Reuters January 10, 2023.

Source: Reuters, 01/10/2023