Summary: The U.S. economy will experience robust growth of about 70 percent through 2030 even as it adopts policies to lower greenhouse gas emissions leading to a more sustainable environment, according to an analysis released today by the U.S. Climate Action Partnership (USCAP).
The economic analysis estimates that U.S. GDP will grow 70 to 71 percent through 2030 assuming the adoption of climate legislation similar to the Blueprint for Legislative Action, USCAP’s set of recommendations for climate policy. In the absence of climate policy, U.S. GDP would grow 71 to 72 percent through 2030.
The USCAP analysis was conducted using two economic models (ADAGE and NEMS-USCAP) similar to those employed by the Environmental Protection Agency (EPA) and the Energy Information Agency (EIA) in their review of climate legislation.
Source: December 2, 2009 USCAP Press Release
More Information:
- The full press release is at http://www.us-cap.org/upload/file/USCAP_Economic_Study_Release-12-2-09%20%281%29.pdf
- A backgrounder on the study is at http://www.eetnews.com/archives/wp-content/uploads/2009/11/USCAP%20Economic%20Modeling%20Backgrounder%20120209%20FINAL.PDF
- A presentation on the study is at http://www.eetnews.com/archives/wp-content/uploads/2009/11/USCAPEconomicSlides120109.pdf
Prepared by: This message was distributed by Kellen Mahoney, who may be reached at e-mail: kmahoney@eetnews.com
