New EPS modeling finds climate provisions under consideration in Congress would significantly lessen U.S. dependence on foreign oil and gas. By 2027, total reductions would be larger than U.S. demand for Russian oil in 2021, with about half the reduction achieved by 2025. Similarly, U.S natural gas consumption would be reduced 4.7 trillion cubic feet per year by 2030, or roughly equal to 85 percent of the EU’s 5.5 trillion cubic feet of imported Russian natural gas in 2021.

New modeling using the Louisiana Energy Policy Simulator finds the state's economy-wide emissions will increase 30 percent by 2050 compared to 2020 under business-as-usual, not including proposed industrial facilities. But ambitious climate policies across Louisiana's buildings, power, industrial, land use, and transportation sectors could reduce emissions 97 percent by 2050, create 111,000 new job-years in 2030, and avoid approximately 2,300 premature deaths by 2050.

Energy Policy Simulator modeling finds the Build Back Better Act’s fee on methane emissions is responsible for 60 percent of the Act’s reduction of industrial greenhouse gas emissions from 2023 to 2050 and would boost the economy, creating more than 70,000 jobs by 2050 and increasing gross domestic product by more than $250 billion from 2023 to 2050.

Modeling of the Build Back Better Act and Infrastructure Investment and Jobs Act using the Energy Policy Simulator finds these bills would cut annual emissions 1,067 MMT to 1,510 MMT and reach 70 to 85 percent clean electricity by 2030. If a Clean Electricity Performance Program is not included, emissions reductions fall to just 854 to 1,059 MMT with 61 to 69 percent clean electricity by 2030.

An updated meta-analysis of 11 studies from universities, think tanks, and non-governmental organizations converge on the feasibility of achieving 80 percent clean electricity by 2030 in the United States, and is intended to help policymakers understand the benefits of a federal budgetary package that includes a Clean Energy Payment Program. This reliable clean energy future would generate up to 1 million net new jobs through 2030 and up to 317,000 avoided premature deaths through 2050.

New modeling using the Colorado Energy Policy Simulator finds the state is off-track for its own climate goals with emissions likely to decrease just 18 percent by 2050. But strategic building, industry, and transportation sector policies would put Colorado on a 1.5° Celsius pathway, generate more than 36,000 job-years annually, and increase state GDP by $7.5 billion per year in 2050.

New Energy Policy Simulator modeling shows a relatively small set of policies to achieve a 50 percent reduction in U.S. emissions by 2030 relative to 2005 levels could increase U.S. GDP by $570 billion per year in 2030 and by $920 billion in 2050 and create 3.2 million new job-years in 2030 and nearly 5 million new job-years in 2050, while avoiding more than 45,000 premature deaths and 1.3 million asthma attacks annually by 2050.

New modeling using the Nevada Energy Policy Simulator finds the state is off-track for its own climate goals with emissions likely to increase 12 percent by 2050. But strategic building, industry, and transportation sector policies would put Nevada on a 1.5° Celsius pathway, generate 5,500 job-years annually, and increase state GDP by $800 million per year in 2050.

New modeling using the Minnesota Energy Policy Simulator finds a newly proposed clean energy standard would cut statewide emissions nearly 20 percent by 2050, but strategic policies in the building, industry, and transportation sectors would put Minnesota on a 1.5° pathway, generate 39,000 job-years, and increase state GDP by more than $11 billion per year.

This report uses the Energy Policy Simulator to model two illustrative scenarios showing that a ten year-delay implementing climate action putting the U.S. on a net zero path by 2050 increases the cost of decarbonization by nearly three quarters, showing why we must adopt strong carbon emissions reduction policies to avoid catastrophic climate change impacts.