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Zero emissions drive would grow U.S. economy

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Report shows meeting Paris climate goals would add trillions of dollars in economic growth.

Climate models show time is running out for the world to cut emissions and avert catastrophic climate change, but a new report finds that taking the required action will actually boost economic growth and create jobs.

“Transforming the economy requires us to build and deploy A LOT of new stuff,” Robbie Orvis, author of the report, explained by email. “As a result, we see a large increase in output from U.S. industries and the associated increased value-added and GDP benefits that come with that.”

Meeting the Paris targets would require rapidly transforming every sector of the economy to run on clean technologies instead of fossil fuels. Orvis, director of energy policy design at the nonpartisan energy and environmental policy firm Energy Innovation Policy & Technology, estimates that accomplishment would generate about 340,000 new full-time jobs over the next decade as workers find new jobs with manufacturers and with developers of clean energy technologies or associated industries like computer chip manufacturing, silicon mining, and steel production. Those new workers would spend their income on food and other retail items and personal and business services, indirectly creating jobs in […]

Click here to view original web page at yaleclimateconnections.org

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