US government policies enabling the shift to a net-zero economy present tremendous economic opportunities, with the potential to create millions of new jobs and boost economic growth. However, the energy transition will also see different groups, communities, and regions impacted in different ways. Federal policies are required to ensure that the net-zero economy is inclusive, just and equitable.
This report estimates the socioeconomic impact of federal climate policies under three mitigation scenarios. It explores how different combinations of policies, which increase in ambition across mitigation scenarios, can generate economy-wide benefits.
The analysis focuses on tax incentives, infrastructure investments, targeted spending, and sector-based performance standards, which form the building blocks for a successful decarbonization strategy.