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.
Hong Kong currently does not have a long-term decarbonization strategy or target beyond 2030, but must formulate a long-term decarbonization plan to conform with short- and medium-term actions. World Resources Institute and Civic Exchange collaborated with Energy Innovation to develop the Hong Kong Energy Policy Simulator (EPS) to provide technical support for developing Hong Kong’s 2050 deep decarbonization strategy. This technical note describes the structure, input data sources, outputs, limitations, future development, and online interface of the Hong Kong EPS.
Energy Innovation’s net zero emissions by 2050 illustrative policy package helps put the United States on a pathway to achieve the Paris Agreement goals and abates more than 6 Gt of emissions a year by decarbonizing America’s industrial, transportation, electricity, and buildings sectors.
The Trump Administration’s proposed fuel economy standard rollback and emissions standards freeze will harm consumers and the environment. This research note finds the proposal would cost the U.S. economy up to $400 billion through 2050, increase U.S. emissions up to 10%, and gasoline use up to 7.6 billion barrels through 2035. It would also cost Canada up to $70 billion through 2050 and increase its emissions up to 11% by 2035.
Energy Innovation’s new book Designing Climate Solutions is the first policy manual for low-carbon energy and is the first book to identify the 10 policies, applied to the 20 highest-emitting countries, that can reduce emissions fast enough to stay below 2°C of global warming and avoid the worst impacts of climate change.
UPDATE: We updated this analysis in August 2019 to incorporate newer data and assumptions in a new research note. The Trump Administration’s proposed fuel economy standard rollback and revocation of California’s ability to set vehicle emissions standards will harm consumers and the environment. This research note finds the proposal would cost the U.S. economy up to $457 billion through 2050, while increasing U.S. emissions up to 11% and gasoline use 20% through 2035.
Canada’s government has proposed the ambitious Pan-Canadian Framework (PCF) policies to help achieve its emissions reduction goals. The Canada Energy Policy Simulator was created to evaluate the PCF, and this report finds that even if the PCF is fully implemented, Canada’s 2030 emissions will miss its goal by 161 million metric tons (MMT), a gap 3.7 times larger than the government’s 44 MMT predicted shortfall. Extending and strengthening PCF policies would allow Canada to come much closer to its target, save money, and save human lives.