annex e: impacts of comprehensive climate and energy policy options on the u.s. economy
DESCRIPTION
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.TRANSCRIPT
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 $12,669.5 165.0
Percentage Changes from Baseline Levels
2010 0.086% –0.003% –0.001% 0.000% 0.006% –0.077%
2011 0.231% 0.038% 0.061% 0.000% 0.094% –0.127%
2012 0.327% 0.088% 0.120% 0.000% 0.191% –0.181%
2013 0.406% 0.128% 0.167% 0.000% 0.228% –0.170%
2014 0.513% 0.195% 0.242% 0.000% 0.343% –0.233%
2015 0.622% 0.268% 0.323% 0.000% 0.456% –0.286%
2016 0.738% 0.352% 0.415% 0.000% 0.585% –0.365%
2017 0.865% 0.456% 0.529% 0.000% 0.739% –0.453%
2018 1.007% 0.583% 0.666% 0.000% 0.907% –0.554%
2019 1.177% 0.744% 0.836% 0.000% 1.108% –0.661%
2020 1.365% 0.929% 1.029% 0.000% 1.319% –0.774%
annex e
» Detailed REMI Model Simulation Results
118 Johns Hopkins University and Center for Climate Strategies
Table E-2. Sectoral GDP Impacts of the 23 GHG Mitigation Policy Options—Simultaneous Simulation (billions of fixed 2007$)
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
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
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
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
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
Impacts of Comprehensive Climate and Energy Policy Options on the U.S. Economy 123
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
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
Impacts of Comprehensive Climate and Energy Policy Options on the U.S. Economy 125
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
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.