The Economic Tides Just Turned for States

RMI's analysis indicates that US states can secure significant federal investment, job growth, and health improvements by ambitiously adopting the Inflation Reduction Act's (IRA) tax credits, rebates, and grants. Under a "Climate Ambitious Scenario," states could see cumulative investments between $1 billion and $130 billion by 2030, with the highest per capita gains expected in states with strong renewable energy potential and industrial activity, such as Wyoming, Montana, and Louisiana.

• Under a "Climate Ambitious Scenario" where clean technologies are adopted at the scale needed for national targets, US states could secure cumulative investments between $1 billion and $130 billion per state, or $1,500 to $12,000 per capita per state, by 2030.
• States in the South and Great Plains, specifically Louisiana, Montana, and Wyoming, are positioned to gain the most per capita due to their industrial activity and renewable energy potential.
• The IRA's impact varies by state economy; in Wyoming, tax credits for green hydrogen, electric vehicles, commercial building efficiency, and clean energy projects could represent up to 89% of federal investment.
• Ambitious use of IRA provisions by 2030 could result in each state gaining between 2,000 and 100,000 new job-years and avoiding 4,000 to 300,000 negative health outcomes, including avoided deaths.

APA

RMI (2023). The Economic Tides Just Turned for States. https://rmi.org/resources/economic-tides-just-turned-for-states/

Chicago

RMI. The Economic Tides Just Turned for States. 2023. https://rmi.org/resources/economic-tides-just-turned-for-states/.

Wikipedia

{{cite report |author=RMI |title=The Economic Tides Just Turned for States |date=6 February 2023 |url=https://rmi.org/resources/economic-tides-just-turned-for-states/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{rmi2023economic, author = {{RMI}}, title = {{The Economic Tides Just Turned for States}}, institution = {RMI}, year = {2023}, month = feb, url = {https://rmi.org/resources/economic-tides-just-turned-for-states/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }