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Beyond Carbon: Economy

Economy

Innovation is the engine of economic growth and renewal. Drawdown solutions can drive local economic and employment growth, bring high-skill jobs to our state, and drive infrastructure investments that make Georgia an attractive place to work and live.

Most solutions will create local jobs, especially in the solar and energy efficiency fields, however, it’s also possible that some solutions may displace workers, for example, as we shift from coal-powered electricity to renewable forms of energy. Other solutions can increase property values and tax revenues, but on the flip side, result in gentrification. Bringing together communities of leadership will help ensure a net economic benefit and a smooth transition to a thriving green economy.

Largely Positive
Areas to Watch or Address
Limited Impacts or Limited Data
Electricity
Sector Solutions Local
Economy
&
Employment
Cost and
Price Pressure
Skilled
Labor
Opportunities
Wages &
Benefits
Property
Values/Tax
Infrastructure
Requirements
Large Scale Solar
Cogeneration
Rooftop Solar
Demand Response
Landfill Methane
Buildings & Materials
Sector Solutions Local
Economy
&
Employment
Cost and
Price Pressure
Skilled
Labor
Opportunities
Wages &
Benefits
Property
Values/Tax
Infrastructure
Requirements
Recycling/Waste Management
Refrigerant Management
Retrofitting
Food & Agriculture
Sector Solutions Local
Economy
&
Employment
Cost and
Price Pressure
Skilled
Labor
Opportunities
Wages &
Benefits
Property
Values/Tax
Infrastructure
Requirements
Composting
Conservation Agriculture
Plant-Forward Diet
Reduced Food Waste
Land Sinks
Sector Solutions Local
Economy
&
Employment
Cost and
Price Pressure
Skilled
Labor
Opportunities
Wages &
Benefits
Property
Values/Tax
Infrastructure
Requirements
Coastal Wetlands Restoration
Afforestation & Silvopasture
Temperate Forest Stewardship
Transportation
Sector Solutions Local
Economy
&
Employment
Cost and
Price Pressure
Skilled
Labor
Opportunities
Wages &
Benefits
Property
Values/Tax
Infrastructure
Requirements
Energy Efficient Cars
Energy Efficient Trucks
Mass Transit
Electric Vehicles
Alternative Mobility

Stories & Studies

Questions?

Why focus on refrigerants?

Hydrofluorocarbons (HFCs) are chemicals used to cool refrigerators and air conditioners. They are also an extremely potent greenhouse gas, with thousands of times the heat trapping potential of CO2. This class of chemicals was used to replace CFCs, a class of refrigerant chemicals that were phased out because they were depleting the ozone layer. In December 2020, Congress passed legislation to phase down HFCs nationwide by 40% by 2024 and by 85% by 2036. The phase down will be administered by the U.S. Environmental Protection Agency.

Which industries dominate in Georgia’s building products?

According to the Georgia Forestry Commission, Georgia is a leader in paper and pulp products, with an economic output of $13.1 billion in 2018, representing almost 20,000 jobs and $1.8 billion in annual wages and salaries.

What is our current recycling rate?

In 2011, Georgia recycled only approximately 0.7 million tons out of 10.6 million tons of MSW, or a recycling rate of about 6.6%. This is significantly below the U.S. average rate of 22.6% reported by the same study (Shin, 2014).

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