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Study: U.S. Action on Climate Compatible With Strong Economic Growth
December 2, 2009The U.S. economy will experience robust growth of about 70 percent through 2030 even as it adopts policies to lower greenhouse gas emissions leading to a more sustainable environment, according to an analysis released today by the U.S. Climate Action Partnership (USCAP). The economic analysis estimates that U.S. GDP will grow 70 to 71 percent through 2030 assuming the adoption of climate legislation similar to the Blueprint for Legislative Action, USCAP's set of recommendations for climate policy. In the absence of climate policy, U.S. GDP would grow 71 to 72 percent through 2030. "A comprehensive approach to addressing the climate challenge can deliver urgently needed reductions in greenhouse gasses without interfering with economic growth now and in the future," said Dr. Janet Peace, Vice President, Markets and Business Strategy for the Pew Center on Global Climate Change, speaking on behalf of USCAP. Full release.