Abstract:

Building on previous WRI analysis which compares the progress towards a net-zero emissions economy under different mitigation scenarios, this report estimates potential economic impacts these scenarios may generate by 2035. These mitigation scenarios focus on tax credits for various clean technologies, climate-friendly infrastructure investments and sector-based performance standards, which form the building blocks for a successful decarbonization strategy. The study assessed how different combinations of policies, which increase in ambition across these mitigation scenarios, can generate economy-wide benefits. Additionally, our analysis evaluates the extent to which the addition of different policy levers, specifically domestic manufacturing and family-sustaining wage requirements, can further enhance the economic outcomes and help advance a just and equitable energy transition.