A report released by the U.N. Intergovernmental Panel on Climate Change warns of potential climate catastrophe by the 2030s if GHGs aren't slashed immediately.

EIA projects the U.S. will be able to cut energy-related CO2 emissions 25 to 38% below 2005 levels by 2030, which falls short of President Biden’s target.

Investments in wind, solar, storage and EVs soared last year, even as U.S. GHG emissions rose, according to annual reports by EIA and BloombergNEF.