The Economic Tides Just Turned for States

RMI's analysis of the Inflation Reduction Act (IRA) quantifies the potential economic and health benefits for US states, highlighting that ambitious adoption of clean energy technologies could secure significant investment, create thousands of jobs, and improve public health outcomes by 2030.

• Under a "Climate Ambitious Scenario" where consumers and businesses adopt clean technologies at the scale required for national climate targets, US states could cumulatively secure between $1 billion and $130 billion per state, or $1,500 to $12,000 per capita per state, by 2030.
• States located in the South and the Great Plains, specifically those with high industrial activity and renewable energy potential such as Louisiana, Montana, and Wyoming, stand to gain the most per capita from IRA provisions.
• In Wyoming, federal investment from the IRA could be dominated by tax credits—including those for green hydrogen, electric vehicles, commercial building efficiency, and new clean energy projects—which could represent up to 89 percent of the total federal investment compared to loans, grants, and rebates.
• Ambitious use of IRA provisions by 2030 could result in each state gaining between 2,000 and 100,000 new job-years and avoiding between 4,000 and 300,000 negative health outcomes, which include avoided deaths and reduced activity days.
• To maximize IRA benefits, RMI recommends that states focus on three policy areas: maximizing the use of available financial incentives, promoting the use of tax credits to residents, and implementing statewide policies such as clean electricity standards, building appliance sales standards, electric vehicle sales targets, and investment in EV charging infrastructure.

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} }