Letter signed by 388 business executives, entrepreneurs, and investors says bold target would send right signal to drive growth

As the Biden administration prepares for its April 22 international Leaders Summit on Climate,  nearly 400 business leaders from across the U.S. on Monday called on President Joe Biden and his administration to commit to a goal of cutting greenhouse gas emissions by at least 50 percent below 2005 levels by 2030.

The letter, organized by the national non-partisan business group E2 (Environmental Entrepreneurs),  says that a target of 50 percent reduction or greater would be the clear market signal needed to drive growth, jobs and innovation in America’s clean energy and clean vehicles sectors. In particular, the letter notes that the U.S. has fallen behind global competitors like China and Europe in clean energy investments by hundreds of billions of dollars over the last decade.

“This is America’s chance to show the world we are back in business and ready to get back to work on climate action and clean energy,” said Bob Keefe, E2 executive director. “Committing to at least a 50 percent reduction will also send the right market signal that will stimulate investments, jobs and growth in clean energy at a time when we need it more than ever.”

According to E2’s Clean Jobs America 2020 report, more than 3 million Americans currently work in clean energy industries such as solar, wind, energy efficiency, electric vehicles and battery storage. By speeding America’s clean energy transition and reducing emissions to meet such a bold goal, those types of jobs will only increase.

For more information, please contact Michael Timberlake at (202) 289-2407, mtimberlake@e2.org.

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Environmental Entrepreneurs (E2) is a national, nonpartisan group of business leaders, investors, and professionals from every sector of the economy who advocate for smart policies that are good for the economy and good for the environment. Our members have founded or funded more than 2,500 companies, created more than 600,000 jobs, and manage more than $100 billion in venture and private equity capital. For more information, see www.e2.org or follow us on Twitter at @e2org.

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