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Global Climate Action Summit Preview: How the International, Subnational, and Business Communities Are Taking the Lead on Climate Action

On September 12-14, the world will converge on San Francisco for the first-of-its-kind Global Climate Action Summit. Hosted by California Governor Jerry Brown and others, the Summit will gather international, subnational, business and other private sector leaders from around the world to discuss solutions to the world’s most pressing climate issues. Please join E2 for […]

Offshore Wind: Generating Economic Benefits on the East Coast

REPORT

The U.S. offshore wind industry is poised for substantial growth, thanks to falling costs and increasing recognition by state and federal policy makers that there are tremendous economic benefits in harnessing clean, renewable energy offshore. BW Research, on behalf of E2, found that if each of the five states below added an average-sized offshore wind energy farm (352 MW) nearly 25,000 construction and operational jobs would be created up and down the eastern seaboard. The Department of Interior is developing lease sales for a strong pipeline of projects in this region—28 in total—which could equal 23,735 MW of new generating capacity, which if all developed would result in tens of thousands of more jobs and added economic benefits for those states. Through its expected growth over the next several years, offshore wind energy has the potential to significantly add to the Gross Regional Product (GRP) and state and federal tax revenues of South and North Carolina, Virginia, New Jersey, and New York.

OFFSHORE WIND ECONOMIC POTENTIAL:

• If New York, New Jersey, Virginia, North Carolina, and South Carolina added an average-sized offshore wind energy farm (352 MW), nearly 25,000 jobs and $3.6 billion would be added to the states’ economies.
  • South Carolina – 5,647 jobs and $878 million economic benefits
  • North Carolina – 5,522 jobs and $710 million economic benefits
  • Virginia – 4,377 jobs and $641 million economic benefits
  • New Jersey – 4,313 jobs and $702 million economic benefits
  • New York – 4,063 jobs and $737 million economic benefits

OFFSHORE DRILLING’S ECONOMIC RISK

• A one-month beach and fishing closure due to an oil spill off the coasts of New York, New Jersey, Virginia, North Carolina, and South Carolina would cost over $2.7 billion in GDP and $1.3 billion in lost wages.
  • South Carolina – $117 million in lost wages and $314 million in GDP
  • North Carolina – $57 million in lost wages and $120 million in GDP
  • Virginia – $90 million in lost wages and $175 million in GDP
  • New Jersey – $163 million in lost wages and $307 million in GDP
  • New York – $870 million in lost wages and $1.8 billion in GDP

LOOKING FOR MORE INFO?

If you are looking for additional insight into E2’s Offshore  Wind report, including specific info about a state or to connect with business leaders on the East Coast who support increased offshore wind development and policies that grow clean energy jobs, contact E2 Communications Director Michael Timberlake ([email protected]).

The complete report is available here.

Here’s one clean energy policy California shouldn’t miss

E2 Executive Director Bob Keefe pens an Op-Ed on the need for the California Legislature to pass SB 100 before the end of the legislative session.

Trump’s Proposal to Replace Clean Power Plan Betrays Clean Energy Jobs, Hurts Businesses and Workers

WASHINGTON, DC (August 21, 2018) –The Trump administration’s proposal to replace the Clean Power Plan will undercut the rapid growth in clean energy jobs across the country, weaken our economy and drive energy innovation to other countries, according to the national, nonpartisan business group E2 (Environmental Entrepreneurs). The following is a statement from Bob Keefe, […]

Support SB100

As SB 100 is considered on the Assembly floor, E2 members sent this letter to the California State Assembly in support of the bill, which will accelerate California’s current 50% Renewables Portfolio Standard (RPS), raise the RPS to 60% in 2030, and establish a goal for the state to satisfy all its electricity needs from […]

Oppose the rollback of CAFE standards

As the US Department of Transportation and EPA issue a joint Notice of Proposed Rulemaking (NPRM) on Corporte Average Fuel Eonomy (CAFE) standards and the Light-Duty Vehicle Greenhouse Gas Vehicle Emissions standards, E2 members send this letter to Secretary Elain Chao of the US Department of Transportation and Acting Administrator Andrew Wheeler of the EPA, […]

Statement: Rolling Back Fuel Standards Will Cost US Jobs, Economic Growth

Decision will damage US competitiveness for years, cost US leadership in auto innovation   WASHINGTON (August 2, 2018) – Earlier today, the EPA and U.S. Department of Transportation (DOT) formally noticed the Trump administration’s proposal to roll back popular clean car and fuel economy standards. The new proposal would halt fuel mileage improvements for vehicles […]

20 Mayors to Get $70 Million in Climate Challenge

In an article on Bloomberg’s decision to award 20 of the most populous cities with $70 million to address climate change, Andrea Fox notes both Bloomberg Philanthropies’ and E2’s involvement with the larger We Are Still In movement.

Panel: Shrinking the Landfill – Increasing Waste Diversion

Both the City of Denver and Colorado need to move from inspiration to action on meeting critical climate goals. A five-part series of events this year sponsored by Environmental Entrepreneurs and the Natural Resources Defense Council, is designed to bring  advocates, business leaders, and residents together to move forward on clean transportation, renewable energy, energy-efficiency and […]

Hickenlooper calls for climate action

Jennifer Yachnin discusses Colorado Gov. John Hickenlooper’s remarks on a clean environment at the Colorado Climate Plan. The event was co-hosted by E2.

Colorado Clean Cars Decision Good for Environment, Economy

Executive order by Gov. Hickenlooper will save consumers and businesses money at the pump; drive innovation, jobs DENVER, CO (June 19, 2019) – Today Colorado Gov. John Hickenlooper announced plans to join 13 other states that are leading the country with tougher emissions standards for vehicles. Following is a statement from RJ Harrington, a Denver clean energy executive […]

An Evening with Governor HIckenlooper: Colorado’s Climate Action Plan

Colorado joined the U.S. Climate Alliance— a coalition of states pledging to uphold the climate goals of the Paris Agreement — and by executive order, Gov. Hickenlooper created a specific, measurable goal for carbon reduction.  The State objective is to cut greenhouse gases by 26 percent from 2005 levels by 2025, and to cut carbon from the electricity sector […]