Two Paths to US Competitiveness in Clean Technologies Report
The transition to a clean energy economy is not just critical for addressing climate change, but it is also an opportunity to spur American economic growth, create millions of jobs, and cement America’s position as a global leader in the clean energy marketplace.
In the second installment of a report commissioned by Third Way and Breakthrough Energy, Boston Consulting Group (BCG) examines four additional emerging clean technologies, for a total of ten, that are set to play a major role in the energy transition: geothermal, carbon capture utilization and storage (CCUS), offshore wind, and solar. Analysts studied the value chain of each technology, from the acquisition of raw materials through after-market services, assessing the exact segments that US industries can build a lasting competitive advantage, and offering policy guidance for the first six technologies.
BCG estimates the priority value chain segments within these four technologies will have a cumulative global market size of $70 trillion between now and 2050, and US industries are well-positioned to grab a large share. Investment across all ten clean energy technologies will create innumerable good-paying jobs, many of which will not require a four-year college degree, and ensure that American energy is affordable, reliable, secure, and clean.