Several factors drive America’s success in low-emissions manufacturing.
A competitive, market-based economy.
Our businesses invest huge sums of capital to reduce costs, including energy costs, so they can grow their profits and market share. At the same time, U.S. companies are facing growing consumer demand for cleaner products.
A highly advanced economy.
Our manufacturers make–and use–higher-value and more efficient technologies across the economy. This includes everything from solar panels to well heads to microchips to gas turbines.
Abundant natural gas.
Natural gas is about half as carbon intensive as coal. It’s a large source of energy for America’s power sector and an important feedstock for American manufacturers.
A cleaner electricity grid.
The share of electricity generated from carbon-free energy is far higher in the U.S. than in many major economies. And it keeps growing.