Today, Energy Innovation: Policy and Technology LLC released our modeling of the #inflationreductionact of 2022.
Our top level findings are:
-The IRA would reduce greenhouse gas emissions by 870-1,150 million metric tons (MMT) in 2030, dropping US emissions to 37%-41% below 2005 levels in 2030. In our business-as-usual scenario without the IRA, 2030 emissions are 24% below 2005 levels.
-In 2030, the IRA would close up to two-thirds of the emissions gap between business-as-usual and the US NDC, making it realistically possible for executive, state and local actions to bridge the remainder.
-The IRA would add 1.4-1.5 million jobs in 2030 and increase GDP by 0.8%-0.9% in 2030. The generous incentives to onshore manufacturing of clean energy technologies are key to this result.
-It would also bring significant health benefits, avoiding 3,700-3,900 premature deaths per year by 2030, with reductions most concentrated in minority communities.
-These reductions account for emissions increases from the new oil and gas supply provisions. We find the new provisions are unlikely to add more than 50 million metric tons of emissions in 2030. In other words, for every ton of emissions caused by the new oil and supply provisions, at least 24 tons of emissions reductions are achieved from other provisions in the IRA.
Taken together, if passed the IRA would be the most significant climate and clean energy legislation in U.S. history, and would mark significant progress towards achieving the U.S. target of 50-52% below 2005 levels by 2030. Additional executive and state action could set the U.S. on a path to achieve the target.
Hiring!! We are growing our research team and need smart people with power sector expertise to lead the data and analytics side of the strategy. We are fun! And I am great. And you can work from anywhere. https://lnkd.in/gdkFZh8D
https://climateimperative.org
Last week I joined Dr. Melissa C. Lott and Emily Chasan on the latest episode of The Energy Gang podcast, where we discussed the fallout from the Supreme Court's ruling on West Virginia vs. EPA, how inflation is affecting clean energy and where things are headed, and the role nuclear play could play in helping the US meet its climate targets. Have a listen, and as always, let us know if there's something in particular you'd love for us to cover on a future episode.
https://lnkd.in/eUgSKXUW
We (Energy Innovation) are hiring a Research and Modeling Manager to join our US Remote team https://lnkd.in/e3xdZ75n
The Research and Modeling Manager will lead projects evaluating the emissions reductions and other benefits of climate policies and initiatives around the world, using this information to help guide strategy.
If you are passionate about combating climate change, and want to be part of an innovative, collaborative, fun, and growing team, we’d like to talk to you. Check out the job and apply at the link above.
https://energyinnovation.org
New episode of The Energy Gang! 🎙 This week the gang (Ed Crooks, Emily Chasan, Dr. Melissa C. Lott & Robbie Orvis) discuss the US Supreme Court’s decision to impose new limits on the Environmental Protection Agency, by rejecting the Obama administration’s Clean Power Plan. Also: How have the Russia-Ukraine war and global inflation affected the price of renewables? And is President Biden's proposal for a suspension of federal #gasoline taxes a good idea? Listen now: https://okt.to/9ab6QN
Today we (Energy Innovation: Policy and Technology LLC) published a new research note looking at the monthly costs to finance and own an EV. Though there are lots of studies looking at total cost of ownership or operating costs, there are no studies that put this in terms every consumer can understand: how much will my monthly costs change if I buy an EV? The answer: in many states, it is cheaper to finance and own an EV than a gasoline car (and 85%+ Americans finance their cars). Read the report to learn more!
https://lnkd.in/gHh9rGKD
Our team at Energy Innovation: Policy and Technology LLC is hiring two Modeling Analysts to join our DC, San Francisco, US Remote team https://lnkd.in/gGESSmZR
If you are passionate about combating climate change, and want to be part of an innovative, collaborative, fun, and growing team, we’d like to talk to you. Check out the job and apply at the link above.
Come work with me!
https://energyinnovation.org
My team at Energy Innovation: Policy and Technology LLC is hiring a Policy Research and Modeling Manager to join our team https://lnkd.in/g289zhTi
If you are passionate about combating climate change, and want to be part of an innovative, collaborative, fun, and growing team, we’d like to talk to you. Check out the job and apply at the link above.
https://energyinnovation.org
🚨 New @EnergyInnovLLC analysis: #BBBA policies would reduce US oil demand enough to more than offset Russian imports, & reductions in natural gas demand would equal about 85% of Russian gas exports to Europe.
“With the Biden administration banning Russian oil imports, America needs a long term plan to make up that shortfall and protect consumers from volatile fossil fuel prices," Robbie Orvis lead analyst and senior director of energy policy at Energy Innovation, said in an email to The Climate 202. “Reducing demand, as the tax credits and other provisions do, is a smarter long-term energy security solution than trying to increase supply.”
