Replacing 500 gigawatts of high-cost coal plants with solar and wind farms would reduce carbon emissions by about 1.8 gigatons, equivalent to 5% of CO2 emissions in 2019.
The move comes as the Trump administration grows increasingly frustrated with states like California and Washington that it says have misused their authority under the Clean Water Act to halt fossil fuel projects.
According to Lux Research, companies operating in resource-constrained regions should be thinking about developing their renewable energy import infrastructure.