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To Reach Net-Zero Emissions by 2050, US Government & Business Must Work in Partnership


NEW YORK, July 13, 2023 /PRNewswire/ -- Today, the Committee for Economic Development, the public policy center of The Conference Board (CED), issued a new Solutions Brief, An Energy Transition Road Map to Net Zero 2050.

The report provides a realistic pathway for the US to attain its goal of reaching net-zero greenhouse gas (GHG) emissions by 2050. As CED emphasizes, the principal task for policymakers and business leaders to achieve this goal is to work in close partnership?not in conflict. Moreover, a comprehensive and resilient strategy must build on the foundation of market principles, accelerate innovation, and preserve US competitiveness in the global economy. The Solutions Brief can be found here and is the latest in CED's Sustaining Capitalism series.

As detailed in the report, reaching net-zero GHG emissions by 2050 will require significant investment, from both the public and private sectors, in renewables, transmission infrastructure, storage, and energy efficiency technologies. Many of these costs, however, will manifest themselves as profitable opportunities due to the eventual lower cost of energy, greater reliability of supplies, and less volatility of energy prices. The alternative?a future of more severe climate impacts?would be even more costly.

"Climate change is a defining and urgent 21st-century global challenge which threatens global security, economic prosperity, environmental sustainability, and public health. Along with the other largest GHG emitters, the US must set the right path to net zero and position itself as a leader in a greener global economy. The challenges on the path to net zero 2050 are many. To accomplish this important objective, it will require that the US business and policy communities work hand in hand, and that the nation leverages its strengths: Abundant energy, ingenuity, and flexible, market-based regulatory policies will foster innovation and new technologies, and promote global cooperation," said Dr. Lori Esposito Murray, President of CED.

Achieving Net Zero by 2050: Key Recommendations for the US

About CED

The Committee for Economic Development (CED) is the public policy center of The Conference Board. The nonprofit, nonpartisan, business-led organization delivers well-researched analysis and reasoned solutions in the nation's interest. CED Trustees are chief executive officers and key executives of leading US companies who bring their unique experience to address today's pressing policy issues. Collectively they represent 30+ industries, over a trillion dollars in revenue, and over 4 million employees. www.ced.org    

About The Conference Board

The Conference Board is the member-driven think tank that delivers trusted insights for what's ahead. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.ConferenceBoard.org

SOURCE Committee for Economic Development of The Conference Board (CED)


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