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Clean energy economy focusing Job sector, market and Investments
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The Clean Energy EconomyJobs, Market and Investments
Based on analysis report by-
The Pew Charitable Trust
Presentation By – Swapnil GoreMS StudentStony Brook University, [email protected]
Pew’s Approachfor Analyzing Clean Energy Economy of US
Define
Policy Overview
Identify Businesse
s
Job Market
Venture Capital
It would provide a clear, practical and consistent framework for federal, state and local policy makers and the private sector to track investments, job and business creation, and growth over time.
“A clean energy economy generates jobs, businesses and investments while expanding clean energy production, increasing energy efficiency, reducing greenhouse gas emissions, waste and pollution, and conserving water & other natural resources”
Major Goals Achieved:
Economic growth
Environment Sustainability
Definition
Categorization:
Clean Energy
Energy Efficiency
Environmentally Friendly Production
Conservation and Pollution Mitigation
Training and Support
Building sustainable energy for the future
Reducing and managing our energy demand
Improving our products and processes
Recycling and remediating waste
Human resource development & Efficient implementation
Growth Factors
RPSEfficiency Stds.FITIncentivesConcession Loans
Price
Reserves
Climate Change Mitigation Action Plans and Agreements
Global WarmingGreen CurriculumWorkshopsEco-development Programs
Carbon tradingREC
SolarWindBioenergy
Clean Energy Economy Development
International Climate Change
Initiatives
Depletion of Fossil Fuels
New Investment
Market
Attractive Policy
Support
Increased Awareness
Economic mechanisms
US Clean Energy SectorState Initiatives Federal Initiatives
Every state has the piece of the clean
energy economy
Every state offers some Financial
Incentive to drive its clean energy
economy
RPS- 29 states and the District of
Columbia have adopted RPS ranging
from 10% to 25%
Energy Efficiency Standards established
by 19 states
Regional clean energy initiatives-
MGGRA, RGGI, WCI, etc.
Vehicle emissions standards
Tax Incentives by 45 states
American Recovery and Reinvestment
Act (ARRA), which allocates nearly $85
billion in direct spending and tax
incentives for energy- and
transportation-related programs.
EPA’s Energy Star and Water Sense
certification and labeling initiatives
The Energy Independence and
Security Act- expected to save 1.1
million barrels of oil/day, save
consumers $25 billion at the pump and
achieve huge reductions in GHG
emissions
American Recovery and Reinvestment Act (ARRA) The federal stimulus bill enacted in February 2009 includes an array of
provisions to spur clean energy generation and energy efficiency businesses, jobs and investments.
The program would apply to electric utilities, oil companies and other entities that produce more than 25,000 tons of carbon dioxide each year.
A total of $84.8 billion has been set aside for energy- and transportation- related spending.
0 5000000000 10000000000150000000002000000000025000000000
Other (Research, Training, etc.), $13.2 billion
Clean Energy Generation,
$6 billion
Grid Streng-thening,
$11 billion
Energy Effi-ciency,
$16.4 billion
Transportation Spending, $18.4
billion
Tax Credits for RE & Energy Efficiency,
$19.6 billion
AR
RA
- D
istr
ibu
tion
of
En
erg
y &
T
ran
sport
rela
ted s
pen
din
g
Businesses & Jobs Jobs and businesses in the emerging clean energy economy
have grown at a faster rate than U.S. jobs overall.
By 2007, more than 68,200 businesses across all 50 states and
the District of Columbia accounted for about 770,000 jobs
Overall jobs growth between 1998 to 2007:
Conservation & Pollution Mitigation
65.1%Clean Energy 11.6%
Energy Efficiency
9.5%
Environmentally Friendly Production
7.0%
Training and Support6.8%
Jobs in the Clean Energy Economy, 2007
0%
3%
18%23%
67%
Job Growth from 1998 to 2007
Job Market
TOMORROW
TODAY
The number of jobs and businesses in Clean Energy and Energy Efficiency will grow over time—and as the country increases the amount of power it draws from renewable sources, we will generate less waste, reduce our reliance on foreign oil and produce fewer carbon emissions that cause global warming.
Nearly six out of 10 jobs in this sector fall specifically in the area of energy generation, which includes jobs responsible for producing clean forms of energy such as wind, solar, geothermal, low-impact hydro, hydrogen, marine and tidal, and small-scale bio power.
Job Sectors
• Energy Generation (Solar, Wind, Biomass, etc.)
• Energy Transmission
• Energy Storage
Clean Energy • Energy conservation
• Appliances & Machinery
• Energy Research
Energy Efficiency
• Transportation
• Manufacturing/Industrial
• Energy Production
Environmentally Friendly Production
• Air and Environment
• Recycling and Waste
• Water and Wastewater
Conservation & Pollution Mitigation
• Business services (Legal, Marketing, etc.)
• Finance/Investment (Project finance, Emission trading, etc.)
• Research and Advocacy
Training & Transport
State-wise Scenario
Patents & Venture Capital Investments
Today’s research and venture capital spending will generate tomorrow’s clean
energy opportunities.
Patent registration statistics- helps track the future technologies
During the past 10 years, clean technology patents have been registered across
eight different areas of technology development.
Majority of all clean technology patents have been registered in energy storage
technologies, including batteries, fuel cells and hybrid systems.
47%
26%
8%
9%
5%4%1%1%
Batteries
Fuel Cells
Hybrid Systems
Solar
Wind
Energy Infra-structure
Geothermal
Hydro
Clean Technology Patents, 1999 to 2008
Investments
0%
20%
40%
60%
80%
100%Clean Energy$8.73 billion
69%
Environmentally Friendly Pro-
duction$1.82 billion
14%
Conservation & Pollution Miti-
gation$1.08 billion
9%
Energy Effi-ciency
$943.1 million8%
Clean Venture Capital Investments, 2006-2008
Between 2006 to 2008 – total venture capital investment around
$12.6 billion; with an annual average increase of $1.5 billion
2011- venture capital investments in U.S. clean tech companies
jumped 73% to $1.1 billion in the third quarter of this year compared
to the same time last year.
State-wise Economy States with fast-growing clean energy economies experienced
average annual growth between 1998 and 2007 that exceeded the
national average of 1.9 percent.
Thank You
Earth receives around 174 Petawatts of energy from sun and only a small part of it is sufficient to meet the annual world electricity consumption of 20 Trillion kWh
We Just need to tap this potential
Thank You
5/16/2011
Presentation By – Swapnil GoreMS StudentStony Brook University, [email protected]
