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Getting U.S to Zero Carbon Will Take a $2.5 Trillion Investment by 2030

  • High upfront investments would be offset by lower energy costs
  • Transition to clean energy would create up to 1 million jobs
Wind turbines in Fleming, Colorado.

Wind turbines in Fleming, Colorado.

Photographer: Matthew Staver/Bloomberg

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It’s going to take $2.5 trillion in spending over the next decade to get the U.S. on a path to a carbon-free economy, but the transition will help to pay for itself, Princeton University researchers say.

Achieving net-zero emissions by 2050 -- a central goal of President-elect Joe Biden’s climate plan -- would require expanding renewable-energy systems, building more efficient homes and putting 50 million electric cars on the road, according to a report released Tuesday.