Pathways to Building Clean Energy Economies Kate Ringness and Mary Collins CNEE Legislative Academy September 2019
The advanced energy market is BIG and offers good paying jobs: • $ 1.4 Trillion existing clean energy market • Market size to DOUBLE by 2025 to nearly $2.2 trillion Advanced energy jobs could make a difference • Job rich sector for the 4 in 10 • Family wage jobs Americans who are struggling to pay for basic needs.
Prices of advanced energy products are dropping • Solar costs have dropped more than 88% over the last decade • Wind costs have declined by 69% since 2009 Customers will save money when utilities replace existing coal facilities with wind and solar.
An Enormous Climate change is impacting millions, yet many politicians aren’t taking action Challenge and Opportunity Clean tech is a $1.4 trillion market, and communities that act now will benefit most Talking about advanced energy 4 in 10 Americans can’t afford basic needs -- job creation will have the most the clean energy economy can help impact across all voters – everyone cares about putting Policy makers can capitalize on the food on the table and a roof over opportunity to create climate wealth their heads.
81% of voters think we should 86% of voters accelerate the growth of clean agree that VA energy so VA can be should accelerate a national leader in the growth of VOTERS CARE the competition for clean energy to economic produce more local ABOUT CLEAN development and energy and good paying jobs ENERGY AND become less reliant on out of THE ECONOMY state resources Voters want to allow American innovation to drive economic growth and job creation
Clean Energy Jobs Are Diverse
Clean Energy Jobs Operations Installation Manufacturing & Maintenance Wind turbine Solar PV For each 1 technician: installer: manufacturing, second-fastest Fastest growing job created, 1.6 growing job in job in the U.S. service jobs are U.S. created
Job Opportunities in Advanced Energy
Advanced Energy Clean energy Market is jobs outnumbered Substantial fossil fuel jobs Global advanced 3:1 in 2018 energy revenues were $1.4 trillion in 2016 -- equal to that of the global apparel industry and nearly twice as much as the global airline industry
Family Wages for Clean Energy Jobs • Solar Installer: $40,000 • Wind Turbine Technician: $53,000 • Electrical, Electronic, and Electromechanical Assemblers: $35,000 • Machinists: $47,000 • Electricians: $50,000
There’s No One -Size-Fits-All Solution
Local Market Access to Innovation Systemic Capital Ecosystem Approach to Clean Energy Workforce Value Develop- Chain ment
Industry Clusters • Silicon Valley • North Carolina clean tech cluster • South Carolina CU- iCAR • United Kingdom offshore wind
Is intervention needed? “When the government engages in industrial policies, it should do so mainly to correct some form of market failure.” -Enrico Moretti
Local Market • Reduces business risk • Provides clear market signal • Allows for long-term planning
How to grow a local market • Renewable Energy Requirements • Streamlined Permitting • Favorable Regulatory and Business Environment • End-user Finance • New Models for Infrastructure Finance: Energy as a Service
Innovation Ecosystem • Promotes research and development • Facilitates moving new technology to market • Incubates early stage businesses
How to foster an innovation ecosystem • Innovation Voucher Program • Public Access Testbed Facilities • Accelerators and Incubators • Venture Catalysts
Access to Capital • Provides funding for new and growing businesses • Connects investors with market opportunities • Attracts entrepreneurs
How to facilitate access to capital • Working Capital Loans • State Matching Grants for Federal Loans • Clean Energy Revolving Loan Funds for Factory Retooling • Technology Maturation Loans or Grants
Workforce Development • Invests resources in people • Bridges skills gap • Develops training programs and industry partnerships
How to create a competitive workforce • Apprenticeships • Retraining the Existing Workforce • Early College • Targeted Community Training • Soft Skills Focus: Simulated Workplaces • Occupation Mapping
Value Chain • Connects businesses in the industry • Creates industrial synergies • Incentivizes companies to stay local • Supports development of infrastructure
How to build a robust local industry • Supply Chain Marketplace • Value Chain Mapping • Strategic Partnerships
Key Takeaways • Clean energy jobs are diverse • Some industries need help growing, others sprout without intervention • Like baking a cake, several ingredients are needed to grow clean energy industries
Questions?
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