CUTTING BILLS AND CREATING JOBS: THE ECONOMIC OPPORTUNITIES OF A CLEAN ENERGY TRANSITION

The report argues that an accelerated clean energy transition is economically beneficial, reducing household energy bills, creating jobs, and increasing GDP growth compared to business-as-usual scenarios. It outlines specific policy levers—such as decarbonizing power systems by 2035/2040 and phasing out coal—that can drive these gains. Modelling shows significant per capita energy savings in G7 nations and substantial job creation in developing economies like India and Indonesia.

• Accelerating the clean energy transition will reduce total household energy expenditure (electricity, natural gas, and gasoline) across all modelled geographies in 2025, 2030, and 2035.
• For G7 countries, the average resident would see their annual energy bill per capita decrease by $135 in 2025, $488 (25%) by 2030, and $825 (almost 45%) by 2035 compared to a business-as-usual scenario.
• The transition is projected to generate additional employment across all modelled periods, with the G7 reaching a peak of over 1.92 million additional jobs in 2025.
• Developing economies with large populations show significant absolute job growth: India is projected to create 15.4 million additional jobs, and Indonesia nearly 5 million additional jobs by 2030.
• GDP growth is expected to be higher under the accelerated transition than under business-as-usual for most modelled geographies, with G7 GDP being 1.8%, 1.3%, and 0.8% higher in 2025, 2030, and 2035 respectively.
• The European Union is expected to see a cumulative discounted GDP increase of €7.3 trillion between 2022 and 2036, which is equivalent to 50% of its 2021 GDP.
• India's GDP in the accelerated transition scenario is projected to be 9.9% higher in 2025, 7.3% higher in 2030, and 5.1% higher in 2035 compared to the business-as-usual scenario.

APA

We Mean Business Coalition (2022). CUTTING BILLS AND CREATING JOBS: THE ECONOMIC OPPORTUNITIES OF A CLEAN ENERGY TRANSITION. https://www.wemeanbusinesscoalition.org/wp-content/uploads/2022/06/Summary_economicopportunities.pdf

Chicago

We Mean Business Coalition. CUTTING BILLS AND CREATING JOBS: THE ECONOMIC OPPORTUNITIES OF A CLEAN ENERGY TRANSITION. 2022. https://www.wemeanbusinesscoalition.org/wp-content/uploads/2022/06/Summary_economicopportunities.pdf.

Wikipedia

{{cite report |author=We Mean Business Coalition |title=CUTTING BILLS AND CREATING JOBS: THE ECONOMIC OPPORTUNITIES OF A CLEAN ENERGY TRANSITION |date=June 2022 |url=https://www.wemeanbusinesscoalition.org/wp-content/uploads/2022/06/Summary_economicopportunities.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{wemeanbusinesscoalition2022cutting, author = {{We Mean Business Coalition}}, title = {{CUTTING BILLS AND CREATING JOBS: THE ECONOMIC OPPORTUNITIES OF A CLEAN ENERGY TRANSITION}}, institution = {We Mean Business Coalition}, year = {2022}, month = jun, url = {https://www.wemeanbusinesscoalition.org/wp-content/uploads/2022/06/Summary_economicopportunities.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }