Wednesday, October 18, 2023
Large-scale clean energy projects announced in the first year of the Inflation Reduction Act (IRA) are estimated to create more than 400,000 new jobs and hundreds of billions of dollars in new wages, tax revenues, and economic growth, according to a first-of-its kind economic analysis produced by BW Research Partnership and released by the national nonpartisan business group E2 today.
New modeling now expects the 210 projects tracked by E2 would create or support 303,500 jobs during the construction phase and 99,600 permanent jobs after the projects are up and running; add $156 billion to the US GDP during construction and $13 billion annually over operational lifetime; generate $32.5 billion in tax revenues during the construction and another $2.9 billion annually once up and running; and earn $111 billion in wages for workers during construction and another $8.4 billion annually during operation.read the full report
Clean energy and clean vehicle jobs in America grew 4 percent in 2022, bringing the total number of workers in renewable generation, energy efficiency, clean vehicles, battery and storage, grid modernization, and biofuels to more than 3.3 million. Clean energy now employs over 40 percent of all energy workers in America.
E2’s eighth annual Clean Jobs America 2023 report shows that every state added clean energy jobs in 2022 – regardless of politics, climate, or geology.visit cleanjobsamerica.e2.org
Since its inception, E2 has been recognized as a leader in advocation for policies that protect the environment while building economic prosperity. Our members use their collective voice to make the business and industry case for strong state and federal policies that address pressing environmental problems.
By now, there’s a good chance the nation’s most important climate and clean energy policy is already creating jobs and driving economic growth in your state.
And maybe in ways you might not expect.
Dara is the owner and CEO of Sustainable Solar Solutions in Pennsylvania. Previously, she cofounded Exact Solar, a leading installer of residential and small commercial solar energy systems in Pennsylvania…
Dara Bortman - Philadelphia, Pennsylvania