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Why Did US Climate Goals Shrink? Goldman's Latest OBBB Act Impact Study
Goldman Sachs' July 25 "US Carbon Economics" report reveals OBBB Act's elimination of green incentives slashed US 2030 emission reduction targets from 40% to 30%. Carbon abatement costs surged 90% to $215/ton. EV, wind, solar investments face slowdown while nuclear, storage, carbon capture gain policy support. Fossil fuel demand rises significantly - natural gas consumption up 23%. US to become net oil importer again by 2041. Green infrastructure investment opportunities reduced by $620B.
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By Wall Street PodcastGoldman Sachs' July 25 "US Carbon Economics" report reveals OBBB Act's elimination of green incentives slashed US 2030 emission reduction targets from 40% to 30%. Carbon abatement costs surged 90% to $215/ton. EV, wind, solar investments face slowdown while nuclear, storage, carbon capture gain policy support. Fossil fuel demand rises significantly - natural gas consumption up 23%. US to become net oil importer again by 2041. Green infrastructure investment opportunities reduced by $620B.