Report
Taking Stock 2026: US Energy and Emissions Outlook
We find that the US is on track to reduce GHG emissions by 27-41% below 2005 levels in 2040, considering all relevant federal and state policies on the books as of June 2026.
Research Analyst
Nathan Pastorek is a Research Analyst with the Energy & Climate practice at Rhodium Group, working on research projects relating to emerging clean technologies and decarbonization.
Energy & ClimateNathan’s primary areas of research include carbon capture and storage, carbon dioxide removal, and clean hydrogen.
Nathan has a Bachelor’s degree in Geology with a minor in Energy and Society from Allegheny College and a Master’s degree in Energy and Earth Resources from the University of Texas at Austin. He was previously an intern with the National Renewable Energy Laboratory (NREL), focused on projects relating to geothermal energy resources.
Before joining Rhodium, Nathan worked for KeyLogic Systems and was primarily focused on economic and geologic modeling for carbon capture and storage scenarios using models from the National Energy Technology Laboratory (NETL).
Report
We find that the US is on track to reduce GHG emissions by 27-41% below 2005 levels in 2040, considering all relevant federal and state policies on the books as of June 2026.
Note
Targeted, well-designed, ambitious policies enacted by states can leverage the immense changes and investment opportunities on the horizon to drive deployment of geothermal on the grid.
Note
By enacting policies that support the manufacturing and deployment of clean energy, Southeastern states can crowd in private investment and see meaningful economic benefits while building a more robust grid.
Report
We find the US is on track to reduce GHG emissions by 26-41% in 2040 relative to 2005 levels. On the way to 2040, we estimate GHG emissions levels will decline 26-35% in 2035.