Economic Policy Invest in the New Economy McKinsey & Company McKinsey & Company 10-fold increase in carbon productivity in 4 decades 10-fold increase in carbon productivity in 4 decades Comparable in magnitude to labor productivity increases of Industrial Revolution… Comparable in magnitude to labor productivity increases of Industrial Revolution… But in one-third the time But in one-third the time President-elect Obama President-elect Obama $150 billion investments over 10 years to produce 5 million jobs $150 billion investments over 10 years to produce 5 million jobs PCAP PCAP $100 billion investment over 2 years = 2 million jobs $100 billion investment over 2 years = 2 million jobs Economic development grants for climate enterprise zones Economic development grants for climate enterprise zones Reform international aid & trade to spur emerging global markets for green energy Reform international aid & trade to spur emerging global markets for green energy