Pathways to Building Clean Energy Economies Kate Ringness and Mary - - PowerPoint PPT Presentation

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:

Advanced energy jobs could make a difference for the 4 in 10 Americans who are struggling to pay for basic needs.

• $1.4 Trillion existing clean

energy market

• Market size to DOUBLE by

2025 to nearly $2.2 trillion

• Job rich sector
• Family wage jobs

Prices of advanced energy products are dropping

Customers will save money when utilities replace existing coal facilities with wind and solar.

• Solar costs have dropped more

than 88% over the last decade

• Wind costs have declined by

69% since 2009

Policy makers can capitalize on the

• pportunity to create climate wealth

4 in 10 Americans can’t afford basic needs -- the clean energy economy can help Clean tech is a $1.4 trillion market, and communities that act now will benefit most

An Enormous Challenge and Opportunity

Talking about advanced energy job creation will have the most impact across all voters – everyone cares about putting food on the table and a roof over their heads.

Climate change is impacting millions, yet many politicians aren’t taking action

VOTERS CARE ABOUT CLEAN ENERGY AND THE ECONOMY 81% of voters

think we should accelerate the growth of clean energy so VA can be a national leader in the competition for economic development and good paying jobs

86% of voters

agree that VA should accelerate the growth of clean energy to produce more local energy and become less reliant on out of state resources Voters want to allow American innovation to drive economic growth and job creation

Clean Energy Jobs Are Diverse

Manufacturing Installation Operations & Maintenance

Clean Energy Jobs

Solar PV installer: Fastest growing job in the U.S. Wind turbine technician: second-fastest growing job in U.S. For each 1 manufacturing, job created, 1.6 service jobs are created

Job Opportunities in Advanced Energy

Advanced Energy Market is Substantial

Global advanced 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 Clean energy jobs

• utnumbered

fossil fuel jobs

3:1 in 2018

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

Systemic Approach to Clean Energy

Innovation Ecosystem Access to Capital Workforce Develop- ment Value Chain

• Silicon Valley
• North Carolina clean

tech cluster

• South Carolina CU-

iCAR

• United Kingdom
• ffshore wind

Industry Clusters

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?