NextGen Climate America has released a new report that showcases the positive impact that making the switch to clean energy could make on economic growth in the US. The report, titled , uses studies released in Energy and Environmental Economics’ (E3) Pathways to Deep Decarbonization in the US report to study the effects that clean energy could have on US financial growth.
According to the report, under E3’s projections of investing in clean energy and cutting down on greenhouse gas emissions, the US would add over 1 million jobs by 2030 and nearly 2m by 2050, with over 1.2 million jobs in the construction market as a result of developing renewable energy projects.
By lowering emissions levels 80% from 1990 levels by 2050, the US would also boost its GDP by up to $290m and raise household incomes across the country. Due to the development of new well-paying jobs in the renewable-energy sector, households could see their disposable income increase by $350 – $400 by 2030 and by as much as $650 in 2050.
Categories: Economic Indicators