MAY 2023 - The $100 Billion Difference - RELATIVE COSTS OF TWO

This includes policies currently legislated and announced in the ERP, a cap at net zero emissions economy-wide in 2050, and the addition of an explicit phaseout of oil and gas production. [...] This cost is represented by the dotted lines in Figure 2, which indicate that the cost of complying with policy in the oil sector is four times greater in 2035 and nine times greater by 2050 in the oil and gas production phaseout scenario relative to the net zero scenario. [...] A net zero future with an explicit phaseout of oil and gas production makes it marginally less costly for the rest of the economy to achieve net zero emissions by 2050 but imposes signifi- cant additional compliance costs on the oil and gas sector. [...] explicit phaseout of oil and gas production, Key uncertainties in the cost of achieving net some oil and gas production and associated zero emissions and the economic impacts of emissions remain in 2050. [...] PUBLIC POLICY FORUM 21 THE $100 BILLION DIFFERENCE PUBLIC POLICY FORUM 22 THE $100 BILLION DIFFERENCE PUBLIC POLICY FORUM 23 THE $100 BILLION DIFFERENCE PUBLIC POLICY FORUM 24 THE $100 BILLION DIFFERENCE PUBLIC POLICY FORUM 25 THE $100 BILLION DIFFERENCE PUBLIC POLICY FORUM 26 THE $100 BILLION DIFFERENCE PUBLIC POLICY FORUM 27 THE $100 BILLION DIFFERENCE PUBLIC POLICY FORUM 28 THE $100 BILLION DIF.