15
Recapturing U.S. Leadership on Climate: Setting an Ambitious and Credible Nationally Determined Contribution
ReapingtheBenetsforAmerican
Economic Prosperity, Health, and
Equity
The United States has much to gain from charting an
ambitious path on climate over the coming decade.
With continued growth in emissions, annual damages
from climate change in the United States are projected
to reach hundreds of billions of dollars.
11
In addition
to the core economic and environmental benefits of
tackling the climate crisis, well-targeted climate policy
and clean energy investment can:
• Create millions of good jobs for American
workers: Growing clean energy and low carbon
industries are capable of expanding to support
millions of jobs.
12
Ambitious U.S. action—
including economic relief and recovery spending
to support the development of a U.S. low-carbon
manufacturing sector, infrastructure investment,
and expanded federal investment in innovation—
can help rebuild the post-COVID economy and
expand access to high-quality employment across
all 50 states, including in regions of the country that
have experienced job losses due to declines in the
manufacturing and extractive industries.
• Save hundreds of thousands of lives: Slashing U.S.
climate pollution consistent with limiting warming
to 2°C could prevent nearly 300,000 premature
deaths by 2030 from reduced exposure to dangerous
air pollution, and save an additional 35,000 lives
a year thereafter, generating national economic
benefits on the order of $250 billion per year.
13
New
EDF analysis finds that eliminating tailpipe pollution
from on-road vehicles alone could prevent over
150,000 premature deaths by 2050.
14
• Enable a more equitable future for all Americans:
Well-designed climate policy can be a critical tool for
addressing historical disparities in access to clean air
and water and generating economic opportunity in
in a range of different types of communities facing a
diversity of challenges. By prioritizing clean energy
investments that simultaneously create jobs and
deliver health benefits in frontline communities—
including low-income communities, communities of
color, and communities transitioning off of reliance
on the fossil fuel economy—we can help build a
more equitable economy for all Americans.
• Position the United States to be a leader in the
rapidly expanding global clean energy economy:
As the rest of the world moves to drive emissions
down to net zero, the market for clean technologies
is poised to grow rapidly. The global market for
renewable energy alone is expected to reach a
value of $1.5 trillion by 2025.
15
Aggressive federal
investment in emerging clean technologies and
industries can help position the United States to be
a strong competitor in the global 21st century clean
economy.
To ensure we capture these benefits, particularly with
respect to promoting equity and supporting energy
workers and communities in the transition to a clean
economy, policymakers will need to be intentional
and thoughtful about policy design that works for
Americans across the country. There are many paths to
getting to at least 50% reductions by 2030 and net zero
by 2050—and importantly, how we get there matters.
It is critical that American workers and consumers in
every community across the country are accounted
for and benefit from the policies put in place. Climate
policy can and should be designed to expand access
to economic opportunity, reduce exposure to health-
harming pollutants, improve equity, and empower
American workers in every community, while
remaining affordable for all.
11
USGCRP, “Fourth National Climate Assessment, Volume II: Impacts, Risks, and Adaptation in the United States” (Washington, D.C.: U.S. Global Change
Research Program, 2018), doi: 10.7930/NCA4.2018.
12
Saul Griffith and Sam Calisch, “Jobs, Jobs, Jobs, and More Jobs” (Rewiring America, n.d.).
13
Drew T. Shindell, Yunha Lee, and Greg Faluvegi, “Climate and Health Impacts of US Emissions Reductions Consistent with 2 °C,” Nature Climate Change 6, no.
5 (May 2016): 503–7, https://doi.org/10.1038/nclimate2935.
14
EDF has recently released an analysis of the benefits of eliminating tailpipe pollution from passenger vehicles by 2035 and will soon release an analysis of
the benefits of eliminating this pollution from medium and heavy-duty trucks and buses swiftly in urban and community applications and for all such vehicles
by 2040. These analyses build from the analysis included in this report in several important ways, including, for example, characterizing the health benefits of
protective pollution standards. These analyses build from the analysis included in this report in several important ways, including, for example, characterizing
the health benefits of protective pollution standards. The analyses find that protective pollution standards that achieve these light, medium- and heavy-duty
vehicle goals will reduce a cumulative total of over 15 billion metric tons of climate pollution by 2050 and reduce health harming pollution that will prevent over
150,000 premature deaths through that timeframe.
See http://blogs.edf.org/climate411/files/2021/01/FINAL-National-White-Paper-Protective-Clean-Car-Standards-1.26.21.pdf for more information.
15
Amit Narune and Eswara Prasad, “Renewable Energy Market by Type and End Use: Global Opportunity Analysis and Industry Forecast, 2018-2025” (Allied
Market Research, May 2019), https://www.alliedmarketresearch.com/renewable-energy-market.