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North Carolina Offshore Wind Cost-Benefit Analysis

SUMMARY

Over the next decade offshore wind is expected to play a significant role in decarbonizing the U.S. electric sector, and especially along the East Coast. When states are considering offshore wind goals, they will certainly evaluate the myriad of associated costs and benefits.

This analysis was developed to help decision makers quantify some of the economic development and environmental benefits associated with offshore wind. This analysis calculates the costs and benefits associated with a single 2.8-gigawatt (GW) offshore wind project off the coast of North Carolina in operation by 2030. Both a base scenario, assuming a standard amount of local manufacturing/supply chain content, and a high local content (or “high”) scenario, were developed.

The high scenario assumes 100% local content for both the blades and offshore substations of a single 2.8GW theoretical project. Content assumptions are based on findings from the March 2021 offshore wind supply chain study conducted on behalf of the North Carolina Department of Commerce, which indicates these components being most likely to locate production in-state. While not within the scope of this calculation, it is important to highlight the compounded value that new or expanded offshore wind supply chain capabilities located in North Carolina will create. In addition to providing economic benefit to the state through projects developed off the coast of North Carolina, offshore wind manufacturers will also supply components for projects along the Atlantic coast or potentially across the country or the globe — generating continued economic benefit to the state, absent the cost of generating electricity.

RESULTS

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View and download a one-page summary of the report’s key findings at this link.

BACKGROUND

Recently codified in state-level legislation, North Carolina has asserted the carbon-reduction goal of 70% by 2030 and to achieve carbon neutrality by mid-century4 . To that end, the Governor’s administration, the North Carolina General Assembly, and Duke Energy have all endeavored to examine pathways to reliably and costeffectively decarbonize the state’s electric grid5,6,7,8. While offshore wind has occasionally been an element of these discussions, due to relative cost and nascency of the U.S. offshore wind industry, it hasn’t been evaluated as a primary tool for decarbonization.

Absent from any of the decarbonization modeling or stakeholder processes conducted in the state since 2018 is the consideration of the economic benefits that accompany offshore wind. According to the American Wind Energy Association (AWEA), now the American Clean Power Association (ACP), an estimated 30GW of offshore wind deployment in the U.S. by 2030 could generate as much as $57 billion in economic output9 . As such, the inclusion of these benefits is critical when understanding the full value of the technology.

This analysis determines both the costs and benefits of a theoretical 2.8-gigawatt (GW) offshore wind project developed off the coast of North Carolina in operation by 2030 using industry-standard practices, data, and modeling tools. The costs and benefits are measured against one another to determine the net economic impact.

PREVIOUS REPORTS

• Offshore Wind: Generating Economic Benefits on the East Coast | August 2018

Clean Jobs Colorado 2021

The Promise of a Bright Future and Strong Economy

Summary:

Driven by the impact of the COVID-19 pandemic and resulting economic crisis, Colorado experienced its first decline in clean energy jobs in 2020 since E2 began tracking the industry with this methodology in 2017. Colorado’s clean energy economy employed more than 58,000 workers at the end of 2020, down from 62,400 the year before, according to an analysis of Bureau of Labor Statistics data and the findings of a national survey of more than 35,000 businesses across the U.S. economy.

By May of last year, more than 7,500 clean energy workers in Colorado had lost their jobs since the COVID-19 pandemic began spreading widely, according to monthly analysis of unemployment data by E2 and partners.2 Since the sector’s losses peaked at the end of May 2020, jobs grew back by 6 percent. In fact, by the end of 2020 more than about 40 percent of the clean energy jobs lost between March and May had been regained, leaving the sector down about 7 percent (about 4,200 jobs) since COVID-19.

Thanks to smart state climate policy leadership, Colorado’s clean energy economy has proven to be a core part of the state’s economy—representing more than 2 percent of overall state employment. It has been resilient and robust in the face of crushing economy-wide pressures.

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Findings

• Colorado’s Clean Vehicles sector, made up of Hybrid Electric Vehicles, PlugIn Hybrid Vehicles, Electric Vehicles, Natural Gas Vehicles, and Hydrogen & Fuel Cell, grew almost 6 percent over the previous year, as automakers increasingly shift to cleaner and more efficient electric cars, trucks, and buses. With smart policies, Colorado can be a center for innovation and high-tech manufacturing in this sector.
• The most significant sector decline was in the Energy Efficiency sector, where the pandemic curtailed in-person engagement with customers.
• The total clean energy generation sector ended the year with a 3 percent loss. Wind and solar gained jobs, while geothermal, bioenergy/combined heat & power and low-impact hydro took the hit in job losses.

Colorado Clean Energy Employment, 2020

Energy Efficiency	32,595
Renewables	17,324
Clean Vehicles	3,392
Storage and Grid	2,912
Clean Fuels	1,959
TOTAL	58,182

Policies Matter

Colorado’s landmark bill that passed and became law in 2019, Climate Action Plan to Reduce Pollution (HB19-1261),4 and was strengthened during the 2021 legislative session, requires the state to reduce 2025 greenhouse gas emissions by at least 26 percent, 2030 greenhouse gas emissions by at least 50 percent and 2050 greenhouse gas emissions by at least 90 percent of the levels of statewide greenhouse gas (GHG) emissions that existed in 2005. In 2021, HB21-1266 defines disproportionately impacted communities, requires engagement of those communities, and creates staffing, task forces, and boards focused on addressing environmental justice. These two laws inform how agencies are required to meet the GHG reduction goals, in with equity and justice at the forefront.

Several agency commissions are continuing to promulgate rules. The Public Utilities Commission (PUC) is developing rules to affect utilities that provide retail electricity. The Air Quality Control Commission (AQCC) is developing rules to curb emissions in the oil and gas sector and together with the Colorado Department of Transportation Commission are designing rules to electrify transportation, increase transit, walking and biking options, and reduce individual Vehicle Miles Traveled (VMT).

The 2022 legislative session should continue to address GHG emissions, as well as reduce waste, improve recycling, support renewable energy and regional transmission, improve monitoring emissions of oil and gas operations, and other policies in support of the environment and the clean economy.

Background

This is the fourth annual Clean Jobs Colorado report produced by E2 based on analysis of the USEER, which was first released by the DOE in 2016. E2 was an original proponent of the DOE producing the USEER and was a partner on the reports produced by the Energy Futures Initiative (EFI) and National Association of State Energy Officials (NASEO) after the Trump administration abandoned it in 2017.

For additional insight into E2’s Clean Jobs Colorado or our other annual clean energy economic reports, visit e2.org/reports.

An FAQ is available at e2.org/reports/clean-jobs-america-faq.

Previous Reports

Clean Jobs Colorado 2021 is the 5th clean energy jobs report for California from E2. Previous reports can be accessed in the below links.

• Clean Jobs Colorado 2020
• Clean Jobs Colorado 2019 
• Clean Jobs Colorado 2018 
• Clean Jobs Colorado 2017

Colorado Clean Energy Jobs Grew 6% in 2nd Half of 2020, Now Home to 58,000 Workers: REPORT

More than 40% of jobs lost from pandemic crisis recovered by last January DENVER (December 13, 2021) –  More than 58,000 clean energy workers are employed in Colorado across every county after the sector surged 6 percent in the second half of 2020. That’s according to a new analysis of employment data released today by […]

Clean Jobs California 2021

America’s Clean Energy Powerhouse in the Wake of Covid-19

Summary:

Driven by the unforeseeable impact of last year’s pandemic and resulting economic crisis, California experienced its first decline in clean energy jobs in 2020 since E2 began tracking such occupations. California’s clean energy economy employed about 480,000 Californians at the end of 2020, down from 537,000 the year before.

However, since the sector’s losses peaked at the end of May 2020, jobs grew back by more than 13 percent compared to less than 6 percent in statewide economy overall. In fact, by the end of 2020 more than half of the clean energy jobs lost between March and May had been regained, leaving the sector down just 9 percent (about 52,000 jobs) since COVID-19.  Thanks to decades of smart state climate policy leadership, California’s clean energy economy has proven to not only be a core part of the state’s economy – representing 3 percent of overall state employment – but resilient and robust in the face of crushing economy-wide pressures.

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Findings

Despite the overall decline, clean energy remains the biggest job creator across America’s energy sector:

• Clean energy employs nearly six times as many workers as work in fossil fuel extraction and generation
• More Californians still work in clean energy than work as registered nurses, accountants, lawyers, software designers, or truck drivers.
• Median hourly wages for clean energy jobs also are about 29 percent higher than the statewide median wage.
• Over half of the state’s clean energy jobs – 244,790 – were in construction with the clean energy economy employing 28 percent of the state’s entire construction workforce.

Colorado Clean Energy Employment, 2020

Energy Efficiency	283,839
Renewables	130,403
Clean Vehicles	42,503
Storage and Grid	22,638
Clean Fuels	5,597
TOTAL	484,980

Policies Matter

While clean energy suffered like many sectors of the economy in 2020, the prospects for growth are greater than ever as detailed in this report.  Smart public policy leadership created the market environment to position California’s clean energy economy as a global leader over the last 20 years. Furthermore, policies that drive clean energy investments and job growth can also help mitigate the human toll and the economic cost of climate including the over $100 billion lost to extreme weather events in the U.S. in the last year alone. Climate risk is business risk.

Members of Congress can turn risk into opportunity by passing a robust American Jobs Plan anchored in clean energy investments to fund grid modernization, energy efficiency and electric vehicle charging networks at scale to form the backbone of a cleaner, more resilient economy. California lawmakers must build on existing state climate policy leadership to ensure the state remains a hub of job growth and innovation. Lawmakers must codify our state’s carbon neutrality goals while tightening our emissions mitigation targets, and continue to build out complementary policies to drive climate action to meet these goals.

Background

This is the fourth annual Clean Jobs California report produced by E2 based on analysis of the USEER, which was first released by the DOE in 2016. E2 was an original proponent of the DOE producing the USEER and was a partner on the reports produced by the Energy Futures Initiative (EFI) and National Association of State Energy Officials (NASEO) after the Trump administration abandoned it in 2017.

For additional insight into E2’s Clean Jobs California or our other annual clean energy economic reports, visit e2.org/reports.

An FAQ is available at www.e2.org/reports/clean-jobs-america-faq/.

Previous Reports

Clean Jobs California 2021 is the 4th clean energy jobs report for California from E2. Previous reports can be accessed in the below links.

• Clean Jobs California 2020
• Clean Jobs California 2019 
• Clean Jobs California 2018 

Democrats at Crossroads to Merge Clean Energy Plans

“Both the Biden and Wyden plans would provide projects more assurances for financing” over the coming decade, said Sandra Purohit, director of federal advocacy for E2, a clean energy advocacy group. Projects that take longer to launch wouldn’t be at risk of losing out on incentives, which would translate into better terms for getting the […]

Clean Jobs America 2021

After Hard Year, Promise of Unparalleled Jobs Growth

Summary:

In 2020, the number of clean energy jobs in America fell for the first time since E2 began tracking nationwide employment across the entire clean energy sector in 2015. Amid the COVID-19 pandemic and related economic contraction and the lingering impacts of policies from the previous administration that encouraged fossil fuels over clean energy, nearly 307,000 jobs were lost in wind, solar, energy efficiency and other clean energy sectors.

About 3 million Americans worked in clean energy at the end of 2020, down from 3.36 million the year before, according to the analysis of Bureau of Labor Statistics data and the findings of a national survey of more than 30,000 businesses across the U.S. economy.

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Findings

• Jobs in energy efficiency, the biggest part of the U.S. energy sector, took the biggest tumble, falling more than 11 percent last year as COVID-19 pandemic restrictions prevented energy efficiency workers from entering commercial and residential buildings.
• Wind energy employment increased slightly, while solar employment fell, driven by declines in residential solar sales and installation which were hit hard early in the pandemic and could not fully recover despite growth in the second part of the year. 2 Overall, renewable energy jobs fell by nearly 6 percent.
• Jobs in grid modernization, battery and storage occupations dropped nearly 7 percent after two years of rapid growth driven by growing demand in batteries for electric vehicles and commercial and residential energy storage.
• Clean vehicle manufacturing jobs defied overall energy sector job loss patterns and grew nearly 3 percent as automakers increasingly shifted to cleaner and more efficient electric cars, trucks and buses. Electric and hybrid electric vehicle employment grew more than six percent adding over 12,000 new jobs in 2020, the biggest increase of any clean energy category.

Despite the overall decline, clean energy remains the biggest job creator across America’s energy sector, employing nearly three times as many workers as work in fossil fuel extraction and generation. More Americans still work in clean energy than work as middle and elementary school teachers, bankers, farmers or real estate agents. Median hourly wages for clean energy jobs also are about 25 percent higher than the national median wage, and also pay better than most fossil fuel extraction jobs (See Clean Energy Wages And Making Good Jobs Even Better sidebar on page 5).

California, Texas, New York and Florida remain the nation’s leaders for clean energy jobs, but smaller states such as Illinois, Massachusetts, Michigan and Ohio all employed more than 100,000 clean energy workers each at the end of last year.

2021 Clean Energy Employment Toplines

Total Clean Energy	3,048,603
Renewable Energy	492,891
Grid & Storage	137,872
Energy Efficiency	2,107,174
Clean Fuels	37,036
Clean Vehicles	273,630

Looking for More Info?

This is the sixth annual Clean Jobs America report produced by E2 based on analysis of the USEER, which was first released by the DOE in 2016. E2 was an original proponent of the DOE producing the USEER, and was a partner on the reports produced by the Energy Futures Initiative (EFI) and National Association of State Energy Officials (NASEO) after the Trump administration abandoned it in 2017.

If you are looking for additional insight into E2’s Clean Jobs America 2021 or our other clean energy employment reports, visit e2.org/reports. An FAQ is also available here to answer any questions.

Previous Reports

Clean Jobs America 2021 is the 6th national clean energy jobs report from E2. Previous reports can be accessed in the below links.

• Clean Jobs America 2020
• Clean Jobs America 2019 
• Clean Jobs America 2018 
• Clean Jobs America 2017 
• Clean Jobs America 2016

Fight alongside the administration for a clean economy

Immediate and bold climate action is an economic imperative. We are falling behind China, which has outspent the U.S. in clean energy investments by hundreds of billions of dollars over the last decade. In doing so it has claimed the mantle of global leader in production, export, and installation of solar panels, wind turbines, batteries, […]

Clean Jobs, Better Jobs

About This Report

To understand the quality of employment opportunities in clean energy-related industries, E2 (Environmental Entrepreneurs), the American Council on Renewable Energy (ACORE), and the Clean Energy Leadership Institute (CELI) commissioned BW Research to analyze wages and benefits of occupations in clean energy industries in comparison to all occupations nationwide, sectors heavily impacted by the pandemic crisis, and other energy-related occupations.

This report analyzed clean energy wages, benefits and unionization rates across all five clean energy sectors (renewable energy generation, energy efficiency, clean fuels, clean vehicles, and grid modernization and storage) with detailed demographic data for 15 specific clean energy occupations, and how they compare with similar jobs in other industries. Also detailed in the report are state-specific wage findings for all 50 states and the District of Columbia.

Key Findings

The Clean Jobs, Better Jobs report is the first comprehensive analysis of wages and benefits across the clean energy sector. According to the report, workers in renewable energy, energy efficiency, grid modernization and storage, clean fuels and clean vehicles earned a median hourly wage of $23.89 in 2019 compared with the national median wage of $19.14. In addition, jobs in many clean energy sectors are more likely to be unionized and come with health care and retirement benefits than the rest of the private sector, the analysis shows.

Clean Jobs, Better Jobs comes amid the growing national dialogue around clean energy as federal and state leaders look for ways to restart the economy. The findings underscore the opportunity to advance smart clean energy policies that create higher-wage opportunities putting Americans back to work quickly rebuilding a cleaner, more resilient and more equitable economy. The report also provides detailed wage, benefit, education and demographic data for 15 specific clean energy occupations, and how they compare with similar jobs in other industries outside of clean energy.

Overall, median wages in clean energy are significantly higher than median wages in sectors such as retail, services, recreation and accommodations, especially when it comes to entry-level wages. Solar energy workers earn $24.48 an hour, while wind and grid modernization jobs pay on average more than $25 an hour. Energy efficiency – the largest employer in the nation’s energy sector – supports a median hourly wage of $24.44, about 28% above the national median.

Many clean energy jobs also paid better than fossil fuel jobs. Jobs in coal, natural gas and petroleum fuels paid $24.37 an hour, while solar and wind jobs combined for a $24.85 median hourly wage. Clean energy industries also employed about three times more workers than fossil fuels did in 2019, and, unlike fossil fuel jobs, clean energy jobs are available in every state, regardless of geology or geography.

Before COVID-19, clean energy had been one of the nation’s fastest-growing sectors. At the end of 2019, clean energy employed nearly 3.4 million workers across 99% of U.S. counties, according to E2’s Clean Jobs America report.

Wages & Unionization Rates By Industry, 2019

States Most Impacted

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The complete report is available for download at this link.

Looking for More Info?

The analysis expands on data from the 2020 U.S. Energy and Employment Report (USEER) produced by the Energy Futures Initiative (EFI) in partnership with the National Association of State Energy Officials (NASEO), using data collected and analyzed by the BW Research Partnership. The report was released in March 2020 and is available at www.usenergyjobs.org. E2 is a partner on the USEER, the fifth installment of the energy survey first released by the Department of Energy in 2016 and subsequently abandoned under the Trump administration. Clean energy jobs have grown every year since the first report was released in 2016.

If you are looking for additional insight into this report or E2’s more than a dozen other annual clean energy employment reports, visit e2.org/reports. You can also contact E2 Communications Director Michael Timberlake ([email protected]).

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