Ohio could lose more than 100,000 jobs and its gross domestic product would fall by $9 billion if the United States agreed to adopt stricter emission measures in the 2015 Paris Agreement on climate change, the pro-business U.S. Chamber of Commerce says in a new report.
Nationally, meeting the Paris accord emissions standards could cost the U.S. economy $3 trillion and 6.5 million industrial sector jobs by 2040, according to the study by NERA Economic Consulting done on behalf of the chamber. The report is called “Impacts of Greenhouse Gas Regulations on the Industrial Sector.”
The report said Ohio’s state GDP would decline by 1.2 percent, or $9 billion, in 2025; household income fall by $390; and employment by 110,000 jobs, including 24,000 manufacturing and industrial jobs. Ohio’s cement output would drop by 16 percent, while iron and steel output would decline by 13 percent.