Good news via a study out of Yale, Berkley, and the University of Illinois. The study, entitled Clean Energy and Climate Policy for U.S. Growth and Job Creation outlines some very positive statistics on where we’ll be after the implementation of a climate bill in the US. According to the analysis by these folks, a climate bill will have exceptionally-positive benefits for both job creation and the economy: it could potentially boost the bottom line by $111 billion by 2020 as well as add 2 million jobs at the same time.

These numbers depend on a few key factors being present in any bill passed in the US. For instance, it requires that targets for emissions reductions be at least 17% nationwide by 2020, and then 83% by 2050. Additionally, utilities will need to get their electricity from renewables at a rate of 20% or greater.

According to the report’s summary, the key findings are as follows:

“All 50 states can gain economically from strong federal energy and climate policy, despite the diversity of their economies and energy mixes.

“Contrary to what is commonly assumed, comprehensive national climate policy does not benefit the coasts at the expense of the heartland states.

“The country as a whole can gain 918,000 to 1.9 million jobs, and household income can grow by $488 to $1,176, by 2020 under comprehensive energy and climate policy.”

The report even offers a state-by-state analysis of what effects a climate bill will have on local economies. This is all very good news for a skeptical and fearful society convinced that dealing with climate change will cost too much.