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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Note
This note is the third in a series of quarterly briefings comparing clean technology deployment and manufacturing trends in Europe and the United States as part of a collaboration between Bruegel and Rhodium Group.
Report
In the final quarter of 2024, clean energy and transportation investment in the United States totaled $70 billion, reflecting a slight 1% decline from the previous quarter but a 6% increase from the same period in 2023.
Note
One key driver of sustained industrial emissions is the growth of emissions associated with petrochemical manufacturing in the US, which we estimate could rise by 6-32% by 2030 over today's levels.
Note
Decarbonization in the transportation sector faces three key barriers: cost, namely a “green premium,” a slow pace of stock turnover, and limits on the availability of feedstocks and fuels.
Report
The emerging industry of CDR encompasses an array of innovative solutions that are ready for takeoff. On top of climate change mitigation, industrial scaling will have widely distributed economic, social, and environmental benefits.
Courtesy of Charm Industrial
Note
Since peaking in 2004, US emissions have trended downward in a bumpy fashion. But after a significant decline in 2023, we estimate that 2024 emissions were down by just 0.2% year-on-year while the economy grew by 2.7%.
Journal article
In an article published in Science, Rhodium Group and 11 other organizations provide a multi-model comparison of the greenhouse gas emissions impacts of the EPA’s May 2024 standards for regulating greenhouse gases from power plants.
Note
Rolling back executive action on climate could raise average household energy costs, increase dependence on oil and gas imports, drive up GHG emissions, and put substantial levels of private investment at risk.
Note
We estimate that global GHG emissions rose in 2023 by 1.2% over the previous year, reaching 51.8 gigatons of CO2-equivalent on net. This follows a 1.0% increase in 2022 as countries recovered from the COVID-19 pandemic disruptions of 2020.
Report
Clean energy and transportation investment in the United States continued its record-setting growth in Q3 of 2024, reaching a new high of $71 billion.
