Biden sets economy-wide climate target: reducing emissions 66 percent in 2035 from 2005 levels

President Biden announced an audacious goal for America to reduce its carbon emissions by two thirds with barely weeks left in his administration.

Biden's White House announced the new goal in a public statement. It calls for the U.S. to massively reduce its carbon emissions by 2035, invoking the Paris Agreement.

"Today, as the United States continues to accelerate the transition to a clean energy economy, President Biden is announcing a new climate target for the United States: a 61-66 percent reduction in 2035 from 2005 levels in economy-wide net greenhouse gas emissions," the White House wrote.

"It keeps the United States on a straight line or steeper path to achieve net-zero greenhouse gas emissions, economy-wide, by no later than 2050. In connection with this announcement, the U...