Transformative Pathways for U.S. Industry: Unlocking American Innovation
Citations Over Time
Abstract
The United States (U.S.) is undergoing an energy transformation that will depend on continued U.S. innovation. Although U.S. industry has been foundational to the nation’s economic growth and prosperity, it has also given rise to decades’ worth of industrial pollutants in our air and water, which acutely impact the most vulnerable communities, as well as greenhouse gas (GHG) emissions contributing to climate risk. At the same time, U.S. industry is facing growing competitive pressures. Global investors and financial regulations are increasingly focusing on emissions footprints, governments are developing emissions-based trade adjustments and procurement specifications, and downstream demand for low-carbon products is emerging. Developing cost-competitive solutions to meet these needs provides an opportunity to fundamentally transform U.S. industry and sharpen its competitive edge, while reducing the GHG emissions and adverse environmental and health impacts (see Figure ES-1). Innovation is central to this transformation. Pathways to Commercial Liftoff: Industrial Decarbonization, which provides a descriptive fact base on what is needed to reach commercial scale in the marketplace, estimates that over 60% of emissions reduction for the industrial sector will need to come from technologies that are still nascent today. This report, Transformative Pathways for U.S. Industry,3 focuses on the pathways that rely on the nascent and innovative technologies that were too early for consideration in the Pathways to Commercial Liftoff report. Targeted and sustained public and private investment in research, development, demonstration, and deployment is required to catalyze innovation and meet this moment.
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