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Clean Investment Monitor: US Q3 2025 Update
In the third quarter of 2025, clean energy and transportation investment in the United States totaled $75 billion, representing the highest quarter of investment on record.
Rhodium Group’s Energy & Climate practice uses a multidisciplinary, data-driven approach to produce unique, independent insights into global energy dynamics, greenhouse gas emissions, and climate change.
We help public and private decision-makers understand what kind of climate future we are on track for, and what matters most for reducing greenhouse gas emissions—at the local, state, national, and international levels. By combining policy expertise with a suite of detailed energy-economic models, our research provides data-driven insights into the impacts of energy and climate change policy and real-world developments on greenhouse gas emissions, energy markets, economic output, and clean technology pathways.
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In the third quarter of 2025, clean energy and transportation investment in the United States totaled $75 billion, representing the highest quarter of investment on record.
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We provide probabilistic projections of the likely evolution of greenhouse gas emissions and associated temperature rise through the end of the century, and insights into what will matter most for decarbonization in the coming decades.
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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.
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In the second quarter of 2025, clean energy and transportation investment in the United States totaled $68 billion, a 0.3% decrease from the previous quarter, but a 1% increase from the same period in 2024.
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We conduct a comparative study of DAC against two previous energy innovations, hydraulic fracturing and solar photovoltaics, to assess similarities and differences in the centrality of IP in the global dissemination of the technology.
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We estimate the fiscal year 2025 budget reconciliation legislation will increase national average household energy bills by $78-192 and increase total industrial energy expenditures by $7-11 billion in 2035.
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The Senate’s version of the OBBBA largely maintains cuts to energy-related tax credits and other climate and clean energy programs that have been under consideration by both the House and Senate for the past few months.
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In this first edition of the Clean Investment Monitor's global database, we explore how—after decades of national policy support, primarily in the US, China, and Europe—electric vehicles and batteries have been catapulted into mass commercialization.
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The budget reconciliation bill passed by the House has important implications for US technology investment, manufacturing, and innovation.
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This note is the fourth in a series of briefings comparing clean technology deployment and manufacturing trends in Europe and the United States as part of a collaboration between Bruegel and Rhodium Group.