This study models the economic benefits that New York would experience from the Clean Air Initiative over ten years. Under the study scenario, the program generates approximately $30 billion in revenue for investment, supporting 300,500 jobs and $47.5 billion in statewide economic growth. Households earning $200,000 or less per year, which comprise approximately 85% of New York’s population, are projected to realize $6.9 billion in cumulative net savings over ten years, corresponding to average net savings of $1,060 per household.

Additional scenario analysis finds that increasing program ambition yields substantially larger impacts. Under a more ambitious Clean Air Initiative, projected investment revenue, employment, economic output, and household net benefits more than double relative to the primary study scenario.