Regional Decarbonization Strategy

Climate change is here and now. If left unchecked, it could cost the global economy $178 trillion over the next 50 years, according to a May 2022 report from Deloitte. But if the world acts now to achieve net-zero emissions by mid-century, we turn the global liability – a cost of $178T – into a global economic gain of $43 trillion in 2070.

Decarbonization, or the reduction of carbon emissions from human systems and activities, has quickly elevated as a priority for southwestern Pennsylvania. Increasingly, in our region, the term “decarbonization” is becoming synonymous with carbon capture and storage, yet there is so much more to it.

To truly achieve decarbonization, we must embark on a massive scale-up of renewable energy, energy efficiency, and electrification. This includes solar, wind, and hydropower. It also includes a transition to electric vehicles and multimodal transit, and the beneficial electrification of homes and large buildings. It includes regenerative agriculture and land use practices.

If we are to avoid “long lasting and irreversible” impacts. . .

Decarbonizing can reduce cost, correlates with higher returns, and improves resilience against extreme events that impact operations and supply chains. 

Additionally, we know that according to CDP, low-emissions products and services represent $2.1T in opportunity.

Immediate Next Steps for the Region

According to Sustainable Pittsburgh’s analysis, the Bipartisan Infrastructure Law, also known as the Infrastructure Investment and Jobs Act, allocates $38.5B in competitive programs across multiple sectors including Power and Energy, Transportation, Industry, Buildings, and Land Use and Agriculture. Some of these programs are available to individual companies and some require multi-sector collaboration. 

The Inflation Reduction Act (IRA) enables almost ten times this amount, primarily through rebates and tax credits, as well as through enabling more diversified capital financing options and support for technical assistance. 

Both pieces of legislation have a central focus on equity in underserved, energy justice and environmental justice communities, and the IRA also specifically supports USA manufacturing.

These are the two biggest pieces of enabling legislation we have, to help us achieve scale.

How It All Fits Together

The three key priorities – scale, community engagement, and accountability –bring us to these seven immediate next steps. These next steps, in turn, can help southwestern PA prioritize action plans for both individual organizations and for coalitions. (See graphic below.)

Execution of these action plans will lead to future challenges, activities, and solutions. Moving forward we can make sure to hold space open for innovation and problem-solving.

Moving Forward

Emerging from this work is the clear sentiment that this region is poised to lead on decarbonization and reap a number of benefits, including competitive advantage, from the effort. 

A comprehensive, multi-sector decarbonization strategy is going to require these three lines of effort, in every sector: policies and implementations that achieve scale, measurement and accountability, and meaningful community engagement.

Sustainable Pittsburgh and CEOs for Sustainability call on businesses, organizations, and communities in southwestern Pennsylvania to commit to the following actions:

• Commit to embracing the change
  
• Commit to being a learner
  
• Commit to action on carbon

What’s Next

Sustainable Pittsburgh recognizes that specific guidance on how to move forward is essential. We are continuing to synthesize information around the seven immediate next steps for the region and working with partners to further refine the strategy for achieving at-scale change.

In the meantime, there are two direct ways for businesses and other organizations to engage on advancing an equitable, carbon-free region.