Next Generation of US Policies for Industrial Innovation

Forecasts project that industry will be the highest emitting sector in the United States by 2030. While recent legislation and programs have boosted efforts to decarbonize and bolster the competitiveness of the U.S. industrial sector, the programs must continue and additional action is needed. This note provides an overview of many industrial policy tools federal and state policymakers can use to secure the future of U.S. industries, ranging from continuation and expansion of existing tax credits, procurement policies, and grant programs to new policies, including demand-side and market-based policies.