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.
New modeling using the Virginia Energy Policy Simulator finds the Virginia Clean Economy Act will cut statewide emissions nearly 35 percent by 2050, but strategic policies in the building, industry, and transportation sectors would put Virginia on a 1.5° pathway, generate 12,000 job-years and increase state GDP by more than $3.5 billion per year.
Energy Policy Simulator modeling shows a subset of the policy recommendations issued by the House Select Committee on the Climate Crisis will put the U.S. on pace for net zero carbon dioxide emissions before 2050, while generating nearly $8 trillion in monetized health and climate benefits.
Modeling of California’s Advanced Clean Trucks rule shows it will generate more than $7 billion in savings through 2040, yielding tremendous public health benefits valued at $9 billion dollars. When using a battery cost closer to those observed for passenger vehicles, these savings rise to more than $12 billion through 2040.
This research note compares Energy Policy Simulator outputs across three different GDP outlooks and finds that short-term emissions are dependent on the severity of COVID-19 impacts, with 2020 U.S. emissions reductions ranging from 7 to 11 percent relative to 2019. Emissions will likely approach pre-COVID-19 levels by 2025, and COVID-19 is not likely to have a material impact on annual emissions in 2030 or cumulative emissions through 2050.
New research using the California Energy Policy Simulator finds California climate policies risk overshooting the state’s 2030 goal by between 13-43 MMT CO2e, but six policy fixes can hit the goal and deliver $22 billion in benefits.