Ben Geman
The low-carbon energy growth envisioned in Democrats’ climate bill will come with a big challenge: finding enough trained workers to support it.
Driving the news: The plan — if signed into law — would finance more renewable power, clean energy equipment manufacturing, installation of home heat pumps and efficiency upgrades, electric vehicles, hydrogen development and much more.
Why it matters: This kind of scale-up would boost demand for workers in industries that would receive new or expanded tax subsidies and other support.
Threat level: The Princeton-led REPEAT Project, in their analysis of new projects the bill would spur, cautions that the ability to hire and train a clean energy workforce is among the various “difficult to model” constraints that may limit growth rates.
What’s next: Solar Energy Industries Association Association (SEIA) president Abigail Ross Hopper said the group sees the solar and energy storage workforce quadrupling from its current level of slightly over 250,000.
The big picture: The clean energy research firm Energy Innovation estimates that jobs related to the bill would grow a lot in coming years, reaching 1.5 million created in 2030.
What they’re saying: Jordan, of BW Research, said the largest job gains will come in construction and installation of equipment like wind turbines, energy efficiency upgrades, transmission, battery storage, solar panels, and other areas.
Zoom in: Hopper said one important provision in the bill is the larger tax credits available for projects that meet certain apprenticeship requirements.
What we’re watching: How the new jobs are distributed, not just how many there are.
The bottom line: “I’m cautiously optimistic that that the federal government and states and municipalities will plan accordingly for what’s coming,” Jordan said.
Courtesy: (Axios)
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