annex e: impacts of comprehensive climate and energy policy options on the u.s. economy

10
Impacts of Comprehensive Climate and Energy Policy Options on the U.S. Economy 117 Table E-1 shows the detailed simulation results of the simultaneous simulation for the 23 super policy options, for each year from 2010 through 2020. Table E-1. Detailed Results of the Simultaneous Simulation Year Total Employment (thousands of jobs) Gross Domestic Product (billions of fixed 2007 dollars) Output (billions of fixed 2007 dollars) Population (thousands) Real Disposable Personal Income (billions of fixed 2007 dollars) PCE-Price Index (2000=100 [nation]) Differences from Baseline Levels with Simultaneous Implementation of the 23 Super Options 2010 147.80 –$0.35 –$0.23 0.00 $0.60 –0.10 2011 399.67 $5.32 $13.29 0.00 $10.09 –0.16 2012 572.83 $12.68 $26.63 0.00 $20.97 –0.24 2013 716.91 $18.83 $38.01 0.00 $25.41 –0.23 2014 914.50 $29.48 $56.56 0.00 $39.02 –0.32 2015 1,117.97 $41.34 $77.24 0.00 $52.79 –0.41 2016 1,334.19 $55.69 $101.99 0.00 $69.03 –0.54 2017 1,573.56 $73.72 $133.06 0.00 $88.56 –0.69 2018 1,842.19 $96.28 $171.47 0.03 $110.37 –0.87 2019 2,167.16 $125.43 $220.07 0.00 $136.87 –1.07 2020 2,523.95 $159.60 $276.65 0.03 $164.92 –1.29 Net Present Value n.a $406.74 $737.98 n.a $479.31 n.a. Levels Aſter Implementation of the 23 Super Options 2010 172,909.2 $13,747.9 $21,148.8 311,755.9 $10,610.0 123.9 2011 173,821.3 $14,080.2 $21,697.7 315,180.6 $10,776.2 127.1 2012 175,536.6 $14,408.9 $22,235.4 318,619.5 $10,979.8 130.5 2013 177,320.7 $14,752.9 $22,797.8 322,074.9 $11,179.2 134.4 2014 179,231.9 $15,118.0 $23,394.8 325,544.5 $11,410.9 138.2 2015 180,761.3 $15,490.5 $24,005.2 329,026.0 $11,635.6 142.2 2016 182,211.3 $15,885.2 $24,653.9 332,511.8 $11,869.2 146.5 2017 183,493.5 $16,245.0 $25,288.7 336,004.1 $12,075.6 150.9 2018 184,868.4 $16,608.5 $25,919.8 339,505.1 $12,281.3 155.4 2019 186,328.8 $16,981.0 $26,559.1 343,010.4 $12,487.7 160.1 2020 187,380.0 $17,332.8 $27,160.9 346,511.1 $12,669.5 165.0 Percentage Changes from Baseline Levels 2010 0.086% –0.003% –0.001% 0.000% 0.006% –0.077% 2011 0.231% 0.038% 0.061% 0.000% 0.094% –0.127% 2012 0.327% 0.088% 0.120% 0.000% 0.191% –0.181% 2013 0.406% 0.128% 0.167% 0.000% 0.228% –0.170% 2014 0.513% 0.195% 0.242% 0.000% 0.343% –0.233% 2015 0.622% 0.268% 0.323% 0.000% 0.456% –0.286% 2016 0.738% 0.352% 0.415% 0.000% 0.585% –0.365% 2017 0.865% 0.456% 0.529% 0.000% 0.739% –0.453% 2018 1.007% 0.583% 0.666% 0.000% 0.907% –0.554% 2019 1.177% 0.744% 0.836% 0.000% 1.108% –0.661% 2020 1.365% 0.929% 1.029% 0.000% 1.319% –0.774% annex e » Detailed REMI Model Simulation Results

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This report, published by Johns Hopkins University and the Center for Climate Strategies, is intended to positively contribute to the current national debate over the economic implications of climate and energy policy options.

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Page 1: Annex E: Impacts of Comprehensive Climate and Energy Policy Options on the U.S. Economy

Impacts of Comprehensive Climate and Energy Policy Options on the U.S. Economy  117

Table E-1 shows the detailed simulation results of the simultaneous simulation for the 23 super policy options, for each year from 2010 through 2020.

Table E-1. Detailed Results of the Simultaneous Simulation

Year

Total Employment (thousands

of jobs)

Gross Domestic Product (billions

of fixed 2007 dollars)

Output (billions of fixed 2007

dollars)

Population (thousands)

Real Disposable Personal Income (billions of fixed

2007 dollars)

PCE-Price Index (2000=100 [nation])

Differences from Baseline Levels with Simultaneous Implementation of the 23 Super Options

2010 147.80 –$0.35 –$0.23 0.00 $0.60 –0.10

2011 399.67 $5.32 $13.29 0.00 $10.09 –0.16

2012 572.83 $12.68 $26.63 0.00 $20.97 –0.24

2013 716.91 $18.83 $38.01 0.00 $25.41 –0.23

2014 914.50 $29.48 $56.56 0.00 $39.02 –0.32

2015 1,117.97 $41.34 $77.24 0.00 $52.79 –0.41

2016 1,334.19 $55.69 $101.99 0.00 $69.03 –0.54

2017 1,573.56 $73.72 $133.06 0.00 $88.56 –0.69

2018 1,842.19 $96.28 $171.47 0.03 $110.37 –0.87

2019 2,167.16 $125.43 $220.07 0.00 $136.87 –1.07

2020 2,523.95 $159.60 $276.65 0.03 $164.92 –1.29

Net Present Value n.a $406.74 $737.98 n.a $479.31 n.a.

Levels After Implementation of the 23 Super Options

2010 172,909.2 $13,747.9 $21,148.8 311,755.9 $10,610.0 123.9

2011 173,821.3 $14,080.2 $21,697.7 315,180.6 $10,776.2 127.1

2012 175,536.6 $14,408.9 $22,235.4 318,619.5 $10,979.8 130.5

2013 177,320.7 $14,752.9 $22,797.8 322,074.9 $11,179.2 134.4

2014 179,231.9 $15,118.0 $23,394.8 325,544.5 $11,410.9 138.2

2015 180,761.3 $15,490.5 $24,005.2 329,026.0 $11,635.6 142.2

2016 182,211.3 $15,885.2 $24,653.9 332,511.8 $11,869.2 146.5

2017 183,493.5 $16,245.0 $25,288.7 336,004.1 $12,075.6 150.9

2018 184,868.4 $16,608.5 $25,919.8 339,505.1 $12,281.3 155.4

2019 186,328.8 $16,981.0 $26,559.1 343,010.4 $12,487.7 160.1

2020 187,380.0 $17,332.8 $27,160.9 346,511.1 $12,669.5 165.0

Percentage Changes from Baseline Levels

2010 0.086% –0.003% –0.001% 0.000% 0.006% –0.077%

2011 0.231% 0.038% 0.061% 0.000% 0.094% –0.127%

2012 0.327% 0.088% 0.120% 0.000% 0.191% –0.181%

2013 0.406% 0.128% 0.167% 0.000% 0.228% –0.170%

2014 0.513% 0.195% 0.242% 0.000% 0.343% –0.233%

2015 0.622% 0.268% 0.323% 0.000% 0.456% –0.286%

2016 0.738% 0.352% 0.415% 0.000% 0.585% –0.365%

2017 0.865% 0.456% 0.529% 0.000% 0.739% –0.453%

2018 1.007% 0.583% 0.666% 0.000% 0.907% –0.554%

2019 1.177% 0.744% 0.836% 0.000% 1.108% –0.661%

2020 1.365% 0.929% 1.029% 0.000% 1.319% –0.774%

annex e

» Detailed REMI Model Simulation Results

Page 2: Annex E: Impacts of Comprehensive Climate and Energy Policy Options on the U.S. Economy

118  Johns Hopkins University and Center for Climate Strategies

Table E-2. Sectoral GDP Impacts of the 23 GHG Mitigation Policy Options—Simultaneous Simulation (billions of fixed 2007$)

Sector NAICS Code 2010 2012 2015 2020 NPV

Forestry; Fishing, hunting, trapping 1131, 1132, 114 $3.222 $3.398 $2.658 $0.752 $20.415

Logging 1133 $0.004 $0.011 $0.029 $0.106 $0.282

Support activities for agriculture and forestry 115 $1.034 $3.233 $4.570 $6.725 $34.701

Oil and gas extraction 211 –$1.193 –$2.545 –$4.598 –$7.236 –$34.356

Coal mining 2121 –$0.630 –$1.511 –$3.013 –$7.053 –$24.884

Metal ore mining 2122 $0.002 $0.008 $0.019 $0.067 $0.184

Nonmetallic mineral mining and quarrying 2123 –$0.048 –$0.122 –$0.238 –$0.463 –$1.841

Support activities for mining 213 –$0.287 –$0.769 –$1.420 –$2.229 –$10.391

Electric power generation, transmission, and distribution 2211 –$5.060 –$14.578 –$30.440 –$59.686 –$237.877

Natural gas distribution 2212 –$0.266 –$1.038 –$2.254 –$4.024 –$16.632

Water, sewage, and other systems 2213 –$0.002 –$0.005 $0.000 $0.108 $0.121

Construction 23 –$0.613 –$2.197 –$3.159 $0.615 –$16.296

Sawmills and wood preservation 3211 $0.005 $0.008 $0.020 $0.077 $0.207

Veneer, plywood, and engineered wood product manufacturing 3212 –$0.002 –$0.002 $0.011 $0.095 $0.172

Other wood product manufacturing 3219 –$0.002 $0.014 $0.063 $0.280 $0.668

Clay product and refractory manufacturing 3271 $0.002 $0.019 $0.042 $0.107 $0.350

Glass and glass product manufacturing 3272 $0.007 $0.044 $0.102 $0.282 $0.884

Cement and concrete product manufacturing 3273 –$0.030 –$0.087 –$0.129 –$0.011 –$0.719

Lime, gypsum product manufacturing; Other nonmetallic mineral product manufacturing 3274, 3279 –$0.005 –$0.006 $0.006 $0.115 $0.170

Iron and steel mills and ferroalloy manufacturing 3311 $0.011 $0.036 $0.070 $0.207 $0.640

Steel product manufacturing from purchased steel 3312 $0.001 $0.007 $0.017 $0.058 $0.163

Alumina and aluminum production and processing 3313 $0.007 $0.024 $0.043 $0.091 $0.350

Nonferrous metal (except aluminum) production and processing 3314 $0.006 $0.021 $0.044 $0.103 $0.365

Foundries 3315 $0.051 $0.103 $0.168 $0.293 $1.308

Forging and stamping 3321 $0.020 $0.046 $0.071 $0.125 $0.555

Cutlery and handtool manufacturing 3322 $0.004 $0.023 $0.044 $0.091 $0.348

Architectural and structural metals manufacturing 3323 –$0.027 –$0.069 –$0.087 $0.037 –$0.443

Boiler, tank, and shipping container manufacturing 3324 $0.001 $0.005 $0.012 $0.045 $0.116

Hardware manufacturing 3325 $0.001 $0.008 $0.019 $0.045 $0.154

Spring and wire product manufacturing 3326 $0.000 $0.005 $0.013 $0.044 $0.124

Machine shops; turned product; and screw, nut, and bolt manufacturing 3327 $0.004 $0.037 $0.086 $0.252 $0.759

Coating, engraving, heat treating, and allied activities 3328 –$0.010 –$0.005 $0.004 $0.065 $0.086

Other fabricated metal product mfg. 3329 $0.011 $0.048 $0.103 $0.287 $0.909

Agriculture, construction, and mining machinery manufacturing 3331 –$0.030 –$0.080 –$0.169 –$0.333 –$1.307

Industrial machinery manufacturing 3332 $0.138 $0.302 $0.457 $0.581 $3.300

Commercial and service industry machinery manufacturing 3333 –$0.002 $0.001 $0.013 $0.067 $0.145

Ventilation, heating, air–conditioning, and commercial refrigeration equipment manufacturing 3334 $0.101 $0.334 $0.719 $1.407 $5.509

Metalworking machinery manufacturing 3335 –$0.007 –$0.024 –$0.052 –$0.101 –$0.400

Engine, turbine, power transmission equipment manufacturing 3336 $0.384 $0.775 $1.361 $2.595 $10.750

Other general purpose machinery manufacturing 3339 –$0.005 –$0.019 –$0.036 $0.007 –$0.171

Page 3: Annex E: Impacts of Comprehensive Climate and Energy Policy Options on the U.S. Economy

Impacts of Comprehensive Climate and Energy Policy Options on the U.S. Economy  119

Sector NAICS Code 2010 2012 2015 2020 NPV

Computer and peripheral equipment manufacturing 9341 –$0.019 –$0.044 –$0.149 $0.115 –$0.632

Communications equipment manufacturing 3342 –$0.005 –$0.001 $0.031 $0.312 $0.548

Audio and video equipment manufacturing 3343 $0.005 $0.018 $0.040 $0.132 $0.383

Semiconductor and other electronic component manufacturing 3344 $0.033 $0.196 $0.416 $1.295 $3.818

Navigational, measuring, electromedical, and control instruments manufacturing 3345 –$0.018 –$0.034 –$0.078 –$0.043 –$0.473

Manufacturing and reproducing magnetic and optical media 3346 $0.002 $0.014 $0.031 $0.086 $0.267

Electric lighting equipment manufacturing 3351 $0.034 $0.118 $0.232 $0.407 $1.712

Household appliance manufacturing 3352 $0.068 $0.220 $0.422 $0.767 $3.165

Electrical equipment manufacturing 3353 $0.040 $0.125 $0.221 $0.342 $1.588

Other electrical equipment and component manufacturing 3359 $0.037 $0.129 $0.271 $0.562 $2.105

Motor vehicle manufacturing 3361 $0.068 $0.409 $1.078 $3.149 $9.552

Motor vehicle body and trailer manufacturing 3362 $0.001 $0.018 $0.048 $0.157 $0.442

Motor vehicle parts manufacturing 3363 $0.050 $0.236 $0.469 $0.930 $3.638

Aerospace product and parts manufacturing 3364 $0.006 $0.031 $0.068 $0.293 $0.741

Railroad rolling stock manufacturing 3365 $0.023 $0.019 $0.013 $0.008 $0.120

Ship and boat building 3366 $0.000 $0.008 $0.024 $0.090 $0.236

Other transportation equipment manufacturing 3369 $0.001 $0.012 $0.027 $0.081 $0.245

Household and institutional furniture and kitchen cabinet manufacturing 3371 $0.013 $0.089 $0.200 $0.491 $1.657

Office furniture (including fixtures) manufacturing 3372 –$0.014 –$0.044 –$0.086 –$0.149 –$0.647

Other furniture–related product manufacturing 3379 $0.004 $0.023 $0.055 $0.144 $0.463

Medical equipment and supplies manufacturing 3391 $0.012 $0.214 $0.668 $2.347 $6.362

Other miscellaneous manufacturing 3399 $0.029 $0.125 $0.254 $0.759 $2.334

Animal food manufacturing 3111 $0.002 $0.012 $0.026 $0.061 $0.210

Grain and oilseed milling 3112 $0.001 $0.011 $0.026 $0.088 $0.244

Sugar and confectionery product mfg. 3113 $0.002 $0.017 $0.042 $0.134 $0.385

Fruit and vegetable preserving and specialty food manufacturing 3114 $0.005 $0.033 $0.087 $0.277 $0.800

Dairy product manufacturing 3115 $0.002 $0.020 $0.056 $0.172 $0.500

Animal slaughtering and processing 3116 $0.007 $0.042 $0.105 $0.315 $0.939

Seafood product preparation and packaging 3117 $0.000 $0.004 $0.011 $0.036 $0.102

Bakeries and tortilla manufacturing 3118 $0.006 $0.042 $0.106 $0.309 $0.933

Other food manufacturing 3119 $0.006 $0.043 $0.108 $0.331 $0.980

Beverage manufacturing 3121 $0.011 $0.065 $0.165 $0.516 $1.512

Tobacco manufacturing 3122 $0.002 $0.018 $0.037 $0.075 $0.285

Fiber, yarn, and thread mills 3131 $0.001 $0.008 $0.017 $0.036 $0.133

Fabric mills 3132 $0.005 $0.023 $0.040 $0.074 $0.309

Textile and fabric finishing and fabric coating mills 3133 $0.002 $0.011 $0.020 $0.036 $0.152

Textile furnishings mills 3141 $0.006 $0.036 $0.086 $0.251 $0.764

Other textile product mills 3149 $0.006 $0.021 $0.036 $0.068 $0.284

Apparel knitting mills 3151 $0.002 $0.010 $0.020 $0.049 $0.170

Cut and sew apparel manufacturing 3152 $0.017 $0.082 $0.182 $0.418 $1.490

Apparel accessories and other apparel manufacturing 3159 $0.001 $0.005 $0.010 $0.023 $0.080

Leather, hide tanning, finishing; Other leather, allied product manufacturing 3161, 3169 $0.001 $0.007 $0.011 $0.027 $0.095

Footwear manufacturing 3162 $0.002 $0.013 $0.031 $0.089 $0.276

Page 4: Annex E: Impacts of Comprehensive Climate and Energy Policy Options on the U.S. Economy

120  Johns Hopkins University and Center for Climate Strategies

Sector NAICS Code 2010 2012 2015 2020 NPV

Pulp, paper, and paperboard mills 3221 $0.012 $0.081 $0.198 $0.607 $1.790

Converted paper product manufacturing 3222 $0.007 $0.061 $0.146 $0.413 $1.270

Printing and related support activities 323 $0.007 $0.074 $0.178 $0.448 $1.467

Petroleum and coal products manufacturing 324 –$0.397 –$0.824 –$1.650 –$3.632 –$13.639

Basic chemical manufacturing 3251 $0.011 $0.139 $0.385 $2.299 $4.499

Resin, synthetic rubber, and artificial synthetic fibers and filaments manufacturing 3252 $0.010 $0.065 $0.163 $0.537 $1.522

Pesticide, fertilizer, and other agricultural chemical manufacturing 3253 $0.042 $0.083 –$0.008 –$0.159 –$0.070

Pharmaceutical and medicine manufacturing 3254 $0.065 $0.430 $1.009 $2.403 $8.257

Paint, coating, and adhesive manufacturing 3255 $0.000 $0.010 $0.033 $0.127 $0.327

Soap, cleaning compound, and toilet preparation manufacturing 3256 $0.015 $0.096 $0.244 $0.767 $2.242

Other chemical product and preparation manufacturing 3259 –$0.007 $0.010 $0.052 $0.229 $0.538

Plastics product manufacturing 3261 $0.010 $0.144 $0.396 $1.335 $3.698

Rubber product manufacturing 3262 $0.004 $0.039 $0.090 $0.233 $0.762

Wholesale trade 42 $0.203 $1.649 $3.732 $10.725 $32.715

Retail trade 44–45 $0.096 $2.093 $5.403 $17.546 $49.675

Air transportation 481 $0.031 $0.244 $0.623 $1.669 $5.275

Rail transportation 482 $1.461 $1.303 $1.087 $0.765 $9.411

Water transportation 483 –$0.001 $0.001 $0.005 $0.024 $0.055

Truck transportation 484 –$1.799 –$1.578 –$1.240 $0.159 –$9.603

Couriers and messengers 492 $0.011 $0.112 $0.301 $0.959 $2.745

Transit and ground passenger transportation 485 $1.367 $4.126 $8.295 $15.304 $63.393

Pipeline transportation 486 –$0.419 –$0.890 –$1.591 –$4.021 –$13.857

Scenic and sightseeing transportation and support activities for transportation 487, 488 $0.018 $0.052 $0.107 $0.291 $0.942

Warehousing and storage 493 –$0.039 $0.030 $0.145 $0.532 $1.323

Newspaper, periodical, book, and directory publishers 5111 $0.031 $0.200 $0.399 $0.757 $3.008

Software publishers 5112 –$0.082 –$0.271 –$0.706 –$1.408 –$5.483

Motion picture and sound recording industries 512 $0.023 $0.169 $0.449 $1.347 $4.007

Internet and other information services 516, 518, 519 $0.029 $0.309 $1.010 $3.410 $9.414

Broadcasting (except internet) 515 $0.011 $0.107 $0.293 $0.878 $2.597

Telecommunications 517 $0.029 $0.709 $2.186 $7.077 $19.886

Monetary authorities, credit intermediation 521, 522 $1.446 $4.689 $10.693 $24.969 $87.938

Funds, trusts, and other financial vehicles 525 $0.011 $0.087 $0.232 $0.658 $2.007

Securities, commodity contracts, and other financial investments and related activities 523 $0.252 $1.875 $5.653 $17.502 $51.110

Insurance carriers 5241 $0.020 $0.334 $0.845 $2.087 $6.880

Agencies, brokerages, and other insurance related activities 5242 $0.014 $0.242 $0.677 $1.944 $5.862

Real estate 531 $0.466 $3.562 $9.622 $27.742 $84.112

Automotive equipment rental and leasing 5321 $0.002 $0.033 $0.091 $0.252 $0.777

Consumer goods rental and general rental centers 5322, 5323 $0.010 $0.053 $0.137 $0.410 $1.225

Commercial and industrial machinery and equipment rental and leasing 5324 $0.032 $0.033 $0.050 $0.179 $0.549

Lessors of nonfinancial intangible assets 533 –$0.405 –$0.696 –$1.053 –$0.625 –$6.779

Legal services 5411 –$0.007 $0.227 $0.671 $1.954 $5.799

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Impacts of Comprehensive Climate and Energy Policy Options on the U.S. Economy  121

Sector NAICS Code 2010 2012 2015 2020 NPV

Accounting, tax preparation, bookkeeping, and payroll services 5412 $0.056 $0.248 $0.576 $1.433 $4.794

Architectural, engineering, and related services 5413 –$0.049 –$0.081 –$0.157 $0.417 –$0.254

Specialized design services 5414 $0.013 $0.063 $0.152 $0.440 $1.353

Computer systems design and related services 5415 –$0.097 –$0.286 –$0.604 –$1.225 –4.762

Management, scientific, and technical consulting services 5416 $0.274 $0.665 $1.380 $3.098 $11.312

Scientific research and development services; Other professional, scientific, and technical services 5417, 5419 –$0.004 $0.284 $0.852 $2.933 $7.944

Advertising and related services 5418 $0.007 $0.100 $0.255 $0.708 $2.185

Management of companies and enterprises 55 –$0.039 $0.446 $1.314 4.411 $12.120

Office administrative services; Facilities support services 5611, 5612 –$0.011 $0.046 $0.220 $0.929 $2.241

Employment services 5613 –$0.015 $0.103 $0.378 $1.334 $3.527

Business support services; Investigation and security services; Other support services 5614, 5616, 5619 $0.027 $0.230 $0.636 $1.961 $5.719

Travel arrangement & reservation services 5615 $0.024 $0.074 $0.149 $0.321 $1.193

Services to buildings and dwellings 5617 $0.004 $0.107 $0.337 $1.152 $3.158

Waste collection; Waste treatment and disposal and waste management services 562 $0.701 $2.170 $5.074 $9.188 $37.396

Elementary and secondary schools; Junior colleges, colleges, universities, and professional schools; Other educational services

61 $0.008 $0.158 $0.486 $1.414 $4.197

Offices of health practitioners 6211–6213 $0.284 $2.517 $6.526 $17.506 $55.221

Outpatient, laboratory, and other ambulatory care services 6214–6216 $0.024 $0.232 $0.637 $1.778 $5.456

Home health care services 6219 $0.008 $0.088 $0.266 $0.766 $2.298

Hospitals 622 $0.038 $0.447 $1.301 $3.512 $10.896

Nursing care facilities 6231 $0.020 $0.118 $0.307 $0.809 $2.579

Residential care facilities 6232, 6233, 6239 $0.015 $0.107 $0.301 $0.848 $2.589

Individual, family, community, and vocational rehabilitation services 6241–6243 $0.015 $0.125 $0.375 $1.073 $3.242

Child day care services 6244 $0.007 $0.063 $0.188 $0.542 $1.626

Performing arts companies; Promoters of events, and agents and managers 7111, 7113, 7114 $0.006 $0.042 $0.110 $0.297 $0.935

Spectator sports 7112 $0.006 $0.059 $0.159 $0.451 $1.379

Independent artists, writers, and performers 7115 $0.011 $0.040 $0.096 $0.247 $0.810

Museums, historical sites, and similar institutions 712 $0.001 $0.012 $0.036 $0.107 $0.316

Amusement, gambling, and recreation industries 713 $0.095 $0.413 $1.042 $3.046 $9.257

Accommodation 721 $0.061 $0.321 $0.816 $2.197 $6.958

Food services and drinking places 722 $0.114 $0.584 $1.460 $3.760 $12.248

Automotive repair and maintenance 8111 $0.018 $0.168 $0.453 $1.194 $3.787

Electronic and precision equipment repair and maintenance 8112 $0.007 $0.036 $0.094 $0.244 $0.781

Commercial and industrial equipment (except automotive and electronic) repair and maintenance 8113 $0.032 $0.120 $0.315 $0.791 $2.593

Personal and household goods repair and maintenance 8114 $0.014 $0.070 $0.171 $0.486 $1.508

Personal care services 8121 $0.057 $0.321 $0.816 $2.229 $7.013

Death care services 8122 $0.001 $0.012 $0.033 $0.091 $0.284

Drycleaning and laundry services 8123 $0.019 $0.097 $0.228 $0.620 $1.964

Other personal services 8129 $0.050 $0.292 $0.778 $2.258 $6.844

Page 6: Annex E: Impacts of Comprehensive Climate and Energy Policy Options on the U.S. Economy

122  Johns Hopkins University and Center for Climate Strategies

Sector NAICS Code 2010 2012 2015 2020 NPV

Religious organizations; Grantmaking and giving services, and social advocacy organizations 8131–8133 $0.017 $0.120 $0.336 $0.961 $2.909

Civic, social, professional, and similar organizations 8134, 8139 $0.008 $0.069 $0.191 $0.548 $1.655

Private households 814 $0.004 $0.078 $0.201 $0.492 $1.628

Total* $1.673 $17.941 $48.274 $164.317 $453.227

* The total represents the sum of all the sectoral effects. The totals shown in this table differ from the simultaneous solutions shown in the last row of Table 3-5. The gap between the two is farm value added and government compensation, as well as rounding error. NAICS = North American Industry Classification System.

Table E-3. Sectoral Employment Impacts of the 23 GHG Mitigation Policy Options—Simultaneous Simulation (in thousands)

Sector NAICS Code 2010 2012 2015 2020

Forestry; Fishing, hunting, trapping 1131, 1132, 114 48.844 51.537 40.358 10.892

Logging 1133 0.032 0.106 0.261 0.867

Support activities for agriculture and forestry 115 103.533 316.416 435.074 601.263

Oil and gas extraction 211 –7.038 –14.791 –26.331 –40.016

Coal mining 2121 –3.630 –8.594 –16.946 –38.598

Metal ore mining 2122 0.009 0.037 0.061 0.175

Nonmetallic mineral mining and quarrying 2123 –0.562 –1.447 –2.835 –5.468

Support activities for mining 213 –3.223 –8.296 –14.620 –21.144

Electric power generation, transmission, and distribution 2211 –9.707 –26.161 –49.773 –84.145

Natural gas distribution 2212 –1.195 –4.628 –10.006 –17.545

Water, sewage, and other systems 2213 –0.026 –0.057 –0.050 0.679

Construction 23 –12.612 –45.175 –67.702 –8.885

Sawmills and wood preservation 3211 0.062 0.089 0.209 0.779

Veneer, plywood, and engineered wood product manufacturing 3212 –0.037 –0.051 0.064 0.969

Other wood product manufacturing 3219 –0.033 0.175 0.753 2.963

Clay product and refractory manufacturing 3271 0.026 0.176 0.355 0.801

Glass and glass product manufacturing 3272 0.040 0.232 0.474 1.070

Cement and concrete product manufacturing 3273 –0.367 –1.045 –1.563 –0.567

Lime, gypsum product manufacturing; Other nonmetallic mineral product manufacturing 3274, 3279 –0.042 –0.065 –0.014 0.554

Iron and steel mills and ferroalloy manufacturing 3311 0.042 0.116 0.171 0.373

Steel product manufacturing from purchased steel 3312 0.008 0.051 0.113 0.365

Alumina and aluminum production and processing 3313 0.052 0.162 0.266 0.504

Nonferrous metal (except aluminum) production and processing 3314 0.055 0.176 0.281 0.475

Foundries 3315 0.453 0.832 1.189 1.678

Forging and stamping 3321 0.172 0.366 0.535 0.821

Cutlery and handtool manufacturing 3322 0.033 0.184 0.332 0.591

Architectural and structural metals manufacturing 3323 –0.345 –0.896 –1.189 0.115

Boiler, tank, and shipping container manufacturing 3324 0.007 0.042 0.082 0.325

Hardware manufacturing 3325 0.004 0.040 0.088 0.197

Spring and wire product manufacturing 3326 –0.006 0.044 0.114 0.319

Machine shops; turned product; and screw, nut, and bolt manufacturing 3327 0.036 0.355 0.706 1.623

Coating, engraving, heat treating, & allied activities 3328 –0.107 –0.078 –0.031 0.280

Other fabricated metal product manufacturing 3329 0.090 0.404 0.846 2.204

Agriculture, construction, & mining machinery mfg. 3331 –0.229 –0.552 –1.024 –1.625

Industrial machinery manufacturing 3332 0.961 2.014 2.871 3.306

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Sector NAICS Code 2010 2012 2015 2020

Commercial and service industry machinery manufacturing 3333 –0.023 –0.001 0.095 0.474

Ventilation, heating, air–conditioning, and commercial refrigeration equipment manufacturing

3334 0.836 2.546 4.854 7.690

Metalworking machinery manufacturing 3335 –0.086 –0.274 –0.560 –0.986

Engine, turbine, power transmission equipment manufacturing 3336 1.975 3.520 5.199 7.353

Other general purpose machinery manufacturing 3339 –0.040 –0.150 –0.268 –0.095

Computer and peripheral equipment manufacturing 3341 –0.022 –0.037 –0.091 0.003

Communications equipment manufacturing 3342 –0.019 –0.013 0.070 0.601

Audio and video equipment manufacturing 3343 0.049 0.152 0.275 0.601

Semiconductor and other electronic component manufacturing 3344 0.064 0.317 0.497 1.111

Navigational, measuring, electromedical, and control instruments manufacturing 3345 –0.109 –0.215 –0.463 –0.387

Manufacturing and reproducing magnetic and optical media 3346 0.011 0.079 0.160 0.391

Electric lighting equipment manufacturing 3351 0.325 0.989 1.695 2.320

Household appliance manufacturing 3352 0.296 0.849 1.354 1.802

Electrical equipment manufacturing 3353 0.361 1.035 1.669 2.177

Other electrical equipment and component manufacturing 3359 0.244 0.810 1.540 2.714

Motor vehicle manufacturing 3361 0.124 0.637 1.343 2.918

Motor vehicle body and trailer manufacturing 3362 0.007 0.248 0.608 1.651

Motor vehicle parts manufacturing 3363 0.376 1.712 3.209 5.713

Aerospace product and parts manufacturing 3364 0.030 0.166 0.292 1.182

Railroad rolling stock manufacturing 3365 0.315 0.214 0.103 0.006

Ship and boat building 3366 0.001 0.089 0.211 0.598

Other transportation equipment manufacturing 3369 0.015 0.095 0.187 0.405

Household and institutional furniture and kitchen cabinet manufacturing 3371 0.181 1.248 2.589 5.619

Office furniture (including fixtures) manufacturing 3372 –0.126 –0.367 –0.676 –1.074

Other furniture related product manufacturing 3379 0.039 0.254 0.535 1.169

Medical equipment and supplies manufacturing 3391 0.058 1.091 3.011 8.623

Other miscellaneous manufacturing 3399 0.232 0.855 1.405 2.984

Animal food manufacturing 3111 0.042 0.142 0.233 0.364

Grain and oilseed milling 3112 0.016 0.096 0.188 0.434

Sugar and confectionery product manufacturing 3113 0.015 0.098 0.200 0.453

Fruit and vegetable preserving and specialty food manufacturing 3114 0.030 0.204 0.429 0.998

Dairy product manufacturing 3115 0.021 0.170 0.407 1.050

Animal slaughtering and processing 3116 0.122 0.695 1.627 4.336

Seafood product preparation and packaging 3117 0.008 0.059 0.140 0.347

Bakeries and tortilla manufacturing 3118 0.048 0.394 0.926 2.423

Other food manufacturing 3119 0.036 0.238 0.537 1.392

Beverage manufacturing 3121 0.046 0.257 0.545 1.325

Tobacco manufacturing 3122 0.004 0.028 0.056 0.110

Fiber, yarn, and thread mills 3131 0.025 0.121 0.230 0.481

Fabric mills 3132 0.053 0.269 0.502 0.938

Textile and fabric finishing and fabric coating mills 3133 0.031 0.152 0.250 0.344

Textile furnishings mills 3141 0.040 0.248 0.531 1.268

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124  Johns Hopkins University and Center for Climate Strategies

Sector NAICS Code 2010 2012 2015 2020

Other textile product mills 3149 0.128 0.413 0.645 1.107

Apparel knitting mills 3151 0.024 0.111 0.201 0.411

Cut and sew apparel manufacturing 3152 0.220 1.004 1.947 3.618

Apparel accessories and other apparel manufacturing 3159 0.020 0.091 0.173 0.357

Leather, hide tanning, finishing; Other leather, allied product manufacturing 3161, 3169 0.033 0.132 0.184 0.388

Footwear manufacturing 3162 0.065 0.311 0.662 1.683

Pulp, paper, and paperboard mills 3221 0.026 0.183 0.375 0.899

Converted paper product manufacturing 3222 0.065 0.533 1.169 2.777

Printing and related support activities 323 0.098 1.005 2.339 5.432

Petroleum and coal products manufacturing 324 –0.864 –1.570 –2.612 –4.164

Basic chemical manufacturing 3251 0.008 0.282 0.669 3.778

Resin, synthetic rubber, and artificial synthetic fibers and filaments manufacturing 3252 0.032 0.200 0.421 1.102

Pesticide, fertilizer, and other agricultural chemical manufacturing 3253 0.189 0.349 –0.054 –0.632

Pharmaceutical and medicine manufacturing 3254 0.268 1.706 3.787 8.202

Paint, coating, and adhesive manufacturing 3255 –0.007 0.036 0.126 0.470

Soap, cleaning compound, and toilet preparation manufacturing 3256 0.036 0.221 0.477 1.131

Other chemical product and preparation manufacturing 3259 –0.042 0.020 0.146 0.560

Plastics product manufacturing 3261 0.050 0.909 2.214 6.172

Rubber product manufacturing 3262 0.032 0.327 0.659 1.358

Wholesale trade 42 1.267 9.915 19.832 46.729

Retail trade 44–45 1.107 30.990 70.260 185.051

Air transportation 481 0.144 1.047 2.344 5.027

Rail transportation 482 10.444 9.279 7.877 5.958

Water transportation 483 –0.010 0.003 0.016 0.086

Truck transportation 484 –28.009 –25.778 –19.990 1.055

Couriers and messengers 492 0.116 1.149 2.798 7.857

Transit and ground passenger transportation 485 39.012 115.254 226.145 395.979

Pipeline transportation 486 –1.575 –3.198 –5.402 –12.283

Scenic and sightseeing transportation and support activities for transportation 487, 488 0.383 1.093 2.288 6.170

Warehousing and storage 493 –0.857 0.169 1.315 4.321

Newspaper, periodical, book, and directory publishers 5111 0.336 2.479 5.702 12.412

Software publishers 5112 –0.178 –0.517 –1.136 –1.822

Motion picture and sound recording industries 512 0.200 1.412 3.319 8.034

Internet and other information services 516, 518, 519 0.117 1.157 3.109 7.649

Broadcasting (except internet) 515 0.111 1.054 2.639 6.804

Telecommunications 517 0.053 1.801 4.810 12.107

Monetary authorities, credit intermediation 521, 522 9.017 27.975 60.321 126.874

Funds, trusts, and other financial vehicles 525 0.064 0.536 1.432 3.954

Securities, commodity contracts, and other financial investments and related activities 523 1.622 10.920 28.397 69.044

Insurance carriers 5241 0.165 2.880 7.338 18.045

Agencies, brokerages, and other insurance related activities 5242 0.124 2.278 5.858 14.636

Real estate 531 1.730 14.216 36.757 97.851

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Sector NAICS Code 2010 2012 2015 2020

Automotive equipment rental and leasing 5321 0.011 0.403 1.003 2.275

Consumer goods rental and general rental centers 5322, 5323 0.370 1.876 4.106 10.026

Commercial and industrial machinery and equipment rental and leasing 5324 0.274 0.234 0.245 0.811

Lessors of nonfinancial intangible assets 533 –0.075 –0.123 –0.176 –0.114

Legal services 5411 –0.115 2.420 7.150 20.291

Accounting, tax preparation, bookkeeping, and payroll services 5412 1.015 4.535 10.529 25.577

Architectural, engineering, and related services 5413 –0.692 –1.280 –2.775 2.927

Specialized design services 5414 0.249 1.198 2.666 6.888

Computer systems design and related services 5415 –1.406 –4.201 –9.144 –19.639

Management, scientific, and technical consulting services 5416 3.301 8.216 17.811 41.730

Scientific research and development services; Other professional, scientific, and technical services 5417, 5419 –0.073 2.113 5.732 16.968

Advertising and related services 5418 0.073 1.162 2.928 7.856

Management of companies and enterprises 55 –0.307 2.066 5.571 16.619

Office administrative services; Facilities support services 5611, 5612 –0.125 0.353 1.657 6.229

Employment services 5613 –0.400 2.404 8.569 28.440

Business support services; Investigation and security services; Other support services 5614, 5616, 5619 0.487 4.536 11.254 29.645

Travel arrangement and reservation services 5615 0.484 1.440 2.675 4.983

Services to buildings and dwellings 5617 –0.044 3.812 11.072 33.634

Waste collection; Waste treatment and disposal and waste management services 562 6.626 19.217 44.338 75.011

Elementary and secondary schools; Junior colleges, colleges, universities, and professional schools; Other educational services

61 0.168 5.117 15.343 42.179

Offices of health practitioners 6211–6213 3.079 26.568 65.442 159.590

Outpatient, laboratory, and other ambulatory care services 6214–6216 0.301 3.105 8.028 20.044

Home health care services 6219 0.176 2.021 6.066 16.760

Hospitals 622 0.495 6.666 18.079 42.505

Nursing care facilities 6231 0.650 3.687 8.830 20.271

Residential care facilities 6232, 6233, 6239 0.492 3.412 9.611 26.517

Individual, family, community, and vocational rehabilitation services 6241–6243 0.557 4.756 13.633 34.211

Child day care services 6244 0.295 2.980 8.555 21.978

Performing arts companies; Promoters of events, and agents and managers 7111, 7113, 7114 0.192 1.403 3.652 9.392

Spectator sports 7112 0.078 0.926 2.563 7.091

Independent artists, writers, and performers 7115 0.665 2.487 5.507 13.251

Museums, historical sites, and similar institutions 712 0.044 0.350 0.953 2.512

Amusement, gambling, and recreation industries 713 1.817 7.452 16.945 41.949

Accommodation 721 1.017 5.359 12.875 31.474

Food services and drinking places 722 4.224 21.169 47.680 105.287

Automotive repair and maintenance 8111 0.362 3.845 9.813 23.276

Electronic and precision equipment repair and maintenance 8112 0.084 0.397 0.976 2.255

Commercial and industrial equipment (except automotive and electronic) repair and maintenance 8113 0.391 1.336 3.086 6.158

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126  Johns Hopkins University and Center for Climate Strategies

Sector NAICS Code 2010 2012 2015 2020

Personal and household goods repair and maintenance 8114 0.225 1.024 2.210 5.198

Personal care services 8121 2.126 11.693 28.139 69.494

Death care services 8122 0.009 0.209 0.536 1.233

Drycleaning and laundry services 8123 0.490 2.520 5.469 13.341

Other personal services 8129 0.443 2.441 5.885 14.524

Religious organizations; Grantmaking and giving services, and social advocacy organizations 8131–8133 0.696 5.174 14.424 40.254

Civic, social, professional, and similar organizations 8134, 8139 0.184 1.704 4.364 11.060

Private households 814 0.533 11.463 29.222 70.125

Total 186.161 682.760 1,281.417 2,706.294

* The total represents the sum of all the sectoral effects. The totals shown in this table differ from the simultaneous solutions shown in the last row of Table 3-6. The gap between the two is public employment, as well as rounding error.NAICS = North American Industry Classification System.