By2070,themodelshows,theUSwillhaveaddedsome$3trn
(presentvalue)to theeconomyandtheneteconomicbenefits
wouldreach$885bnannually.Inthatyear,USGDPwouldbe
2.5%higherthanit wouldbewithoutsuchaninvestment.
Inaddition,Deloittesuggeststhatearlyjobgrowthinclean
energy,telecommunicationsandotherindustrieswouldbe
steep.By 2040 theUScouldseeabout320,000newjobsin
cleanenergyaddedannually,andnearly100,000newjobs
inlow-emissionadvancedmanufacturing.
Who is at risk?
While the threats outlined in port are numerous,
they are not evenly distribut economic blows would
be disproportionately sever Southeastern states,
which are at highest risk from the adverse eff ects of rising
temperatures.If temperatures were to rise by 3°C the southeastern states
would suff er an estimated $5trn (present value) in economic
losses by 2070, linked to increasing health problems, declining
tourism, and disruption to agricultural yields. On the fl ip side,
the Deloitte model shows that these states have the most
to gain from widespread decarbonization, both in economic
dividends and in employment, in a net-zero economy.“We are faced with a choice,” the report concludes. “Do we
commit to a prosperous, decarbonized future for the US or do
we continue to allow climate change to damage our growth?”ADVERTISEMENT
The estimated net economic
benefi ts annually by 2070 if the
United States moves full speed
towards decarbonization.
$885 billion
Read ‘The Turning Point: A new economic climate in the United States’
and learnmore at http://www.deloitte.com/us/turningpoint