×

We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 

Featured

ENERGY TRANSITION

US renewable energy policy scenario analysis

Administrative action can accelerate transmission infrastructure expansion in order to unlock wind and solar

Highlights from the report

  • Administrative action can enable doubling renewable energy penetration within the next decade
  • Total capital investment to reach 50% renewables approaches $1Trillion by 2030
  • 50% renewables by 2030 will catalyze nearly 1 million direct, high-paying jobs in construction, installation, operations, manufacturing and supply chain
;

1 minute read

In this report, Wood Mackenzie has developed three scenarios to study the US renewable market evolution:

  • The Base Case was developed using Wood Mackenzie's H1 2020 Federal Carbon case and can be viewed as WoodMac's most likely scenario, given current policy initiatives.
  • Scenario 1 is based on federal government administrative action enabling transmission expansion, renewable expansion in federal land and water, and accelerated permitting.
  • Scenario 2 is based on a nationwide 50% Renewable Energy Standard, in addition to administrative action.

The report finds that administrative action can enable a doubling of renewable energy penetration within the next decade. To reach this goal, transmission focused policies will be critical. The ensuing growth in renewables would be a major source of economic stimulus over the next ten years.

Total capital spend surpasses $1T by 2030

Complete the form to download the complete 44-page report. 

Table of contents

  1. Executive summary
  2. Scenario 1 - Administrative action
  3. Scenario 1 economic development opportunity
  4. Scenario 2 - Nationwide 50% renewable energy target
  5. Scenario 2 economic development opportunity
  6. Supply chain impacts