Full Title: The Turning Point: A New Economic Climate in the United States
Publication Date: January 26, 2022
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The choice is easy between a prosperous, decarbonized future or allowing the economic impact of climate change to disrupt our growth—but getting to net-zero will require coordination, collaboration and upfront financial investment to rapidly transform existing industries into a series of complex, interconnected, emissions-free systems.
In this report, the Deloitte Economics Institute presents a different view of the economic future for the US, based on economic modeling from Deloitte’s Regional Climate Integrated Assessment Computable General Equilibrium Model (D.Climate). By explicitly accounting for the impacts of climate change on future productivity, economic output, and growth, the result is a new starting point that makes the costs and benefits of climate policy responses and investment decisions easier to see. Deloitte’s analysis also shows how the US can rapidly shift its economy onto a dynamic, productive, and decarbonized growth pathway to achieve net-zero emissions by midcentury.