NEW NEVADA MODELING SHOWS ACHIEVING STATE CLIMATE GOALS AND 1.5°C ALIGNMENT COULD ADD $700 MILLION TO STATE ECONOMY BY 2030

The research paper evaluates the impact of a 1.5°C-compatible policy scenario for Nevada, projecting that deep decarbonization across electricity, transportation, and buildings could add $700 million to the state economy and create 4,500 jobs by 2030. It contrasts a 'Business-As-Usual' outlook, where emissions are expected to increase by 12% by 2050, with a strategic policy package including a 100% clean electricity standard by 2035 and a transition to all-electric vehicle and building equipment sales. The analysis also highlights significant public health benefits, estimating the prevention of over 120 deaths annually by 2030.

• Under a Business-As-Usual (BAU) Scenario, Nevada's economy-wide greenhouse gas emissions are projected to increase by approximately 12 percent by 2050 compared to 2019 levels, as growth in air travel, industrial energy use, and building natural gas demand outweighs gains from solar and electric vehicle adoption.
• A 1.5°C-compatible policy scenario would reduce Nevada's projected net emissions by 40 percent below the BAU scenario by 2030 and by 95 percent by 2050, avoiding nearly 60 percent of cumulative emissions projected by 2050 under BAU.
• The most effective measures for emissions reduction in the 1.5°C Scenario are the clean electricity standard, building electrification, and electric vehicle (EV) sales measures.
• Implementing the 1.5°C Scenario is projected to generate significant economic growth, adding approximately $700 million to the state economy and 4,500 jobs per year by 2030, increasing to $800 million and 5,500 jobs per year by 2050.
• The 1.5°C Scenario is estimated to provide substantial public health improvements, preventing more than 120 deaths and 4,000 asthma attacks annually by 2030, and more than 500 deaths and 16,000 asthma attacks annually by 2050.
• An 'Accelerated Scenario' demonstrates that a smaller set of more stringent policies—including a $100 per ton carbon tax by 2030 and a 100% zero-emissions passenger vehicle sales standard by 2030—can achieve outcomes similar to the 1.5°C Scenario.

APA

SUBIN, Z., IYER, N., ORVIS, R., ASHMOORE, O., & SHEPARD, J. (2021). NEW NEVADA MODELING SHOWS ACHIEVING STATE CLIMATE GOALS AND 1.5°C ALIGNMENT COULD ADD $700 MILLION TO STATE ECONOMY BY 2030. Energy Innovation. https://energyinnovation.org/wp-content/uploads/Nevada-Energy-Policy-Simulator-Research-Note.pdf

Chicago

SUBIN, ZACK, NATHAN IYER, ROBBIE ORVIS, OLIVIA ASHMOORE, and JUN SHEPARD. NEW NEVADA MODELING SHOWS ACHIEVING STATE CLIMATE GOALS AND 1.5°C ALIGNMENT COULD ADD $700 MILLION TO STATE ECONOMY BY 2030. Energy Innovation, 2021. https://energyinnovation.org/wp-content/uploads/Nevada-Energy-Policy-Simulator-Research-Note.pdf.

Wikipedia

{{cite report |last1=SUBIN |first1=ZACK |last2=IYER |first2=NATHAN |last3=ORVIS |first3=ROBBIE |last4=ASHMOORE |first4=OLIVIA |last5=SHEPARD |first5=JUN |title=NEW NEVADA MODELING SHOWS ACHIEVING STATE CLIMATE GOALS AND 1.5°C ALIGNMENT COULD ADD $700 MILLION TO STATE ECONOMY BY 2030 |publisher=Energy Innovation |date=March 2021 |url=https://energyinnovation.org/wp-content/uploads/Nevada-Energy-Policy-Simulator-Research-Note.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{subin2021new, author = {SUBIN, ZACK and IYER, NATHAN and ORVIS, ROBBIE and ASHMOORE, OLIVIA and SHEPARD, JUN}, title = {{NEW NEVADA MODELING SHOWS ACHIEVING STATE CLIMATE GOALS AND 1.5°C ALIGNMENT COULD ADD \$700 MILLION TO STATE ECONOMY BY 2030}}, institution = {Energy Innovation}, year = {2021}, month = mar, url = {https://energyinnovation.org/wp-content/uploads/Nevada-Energy-Policy-Simulator-Research-Note.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }