Full Title: The Impact of Clean Energy Innovation:
Author(s): n/a
Publisher(s): Google.org
Publication Date: June 1, 2011
Full Text: Download Resource
Description (excerpt):
This analysis attempts to estimate the potential impact clean energy innovation could have on the US economy and energy landscape.
The analysis assumes aggressive hypothetical cost breakthroughs (BT) in clean power generation, grid-storage, electric vehicle, and natural gas technologies and compares them to Business as Usual (BAU) scenarios modeled to 2030 and 2050. The model also compares innovation scenarios in combination with two clean energy policy paths: 1) comprehensive federal incentives and mandates called “Clean Policy” and 2) a power sector-only $30/metric ton price on CO2 called “$30/ton Carbon Price.” Our modeling indicates that, when compared to BAU
in 2030, aggressive energy innovation alone could have enormous potential to simultaneously:
• Grow the US economy by over $155 billion in GDP/year ($244 billion with Clean Policy)
• Create over 1.1 million new net jobs (1.9 million with Clean Policy)
• Save US consumers over $942/household/year ($995 with Clean Policy)
• Reduce US oil consumption by over 1.1 billion barrels/year
• Reduce US total greenhouse gas emissions (GHG) by 13% (21% with Clean Policy)