The Clean Energy Economy: The United States and its Position in a Competitive, Global Marketplace
1. The Clean Energy Economy The United States and its Position in a Competitive, Global Marketplace Phyllis Cuttino Director Climate and Energy Programs Pew Environment Group
4. offered a clear definition and framework on the Clean Energy EconomyPew’s Clean Energy Economy study was…
5. Defining the Clean Energy EconomyWhat is a Green Job? While clean energy jobs and businesses will change over time, these specific categories will not. Categories provide a framework and allow for innovation in the clean energy sector.
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7. Jobs include engineers, plumbers, construction workers, machine setters, teachers and others with annual incomes ranging from $21,000 to $110,000.
12. Who’s Winning the Clean Energy Race?Growth, Competition, and Opportunity in the World’s Largest Economies How was the sector faring in the face of the economic downturn? Effect of stimulus funds? How were countries competing?
20. Measuring Competition Investment intensity is clean energy investment as a percentage of a nation’s gross domestic product (GDP).
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23. Global Stimulus Funding for Clean Energy An estimated $184 billion was earmarked for clean energy by the various government stimulus packages. U.S. led with $66 billion and China was second with $47 billion. Two-thirds of financial recovery funding is projected to be spent in 2010 and 2011.
25. Policy and the U.S. Clean Energy Economy The U.S. has a patchwork of state renewable energy standards and no national carbon policy. Federal financial support to the sector has been episodic and short-term, up one administration, down the next.
26. The U.S. Is At A CrossroadsPredictable policy instruments are needed The U.S. is going to be left behind in the global clean energy race unless sufficient policy is implemented. A national carbon cap, strong RES and predictable financial incentives would provide long-term market security to clean energy investors. Comprehensive federal legislation would create new technologies that could be exported to meet global demand.
27. Opportunity in the Global Clean Energy Economy Projected 25% growth in the sector this year – to a record $200 billion by the end of 2010. 80% of future energy demand will come from developing countries.
28. Opportunity in the Clean Energy Economy The International Energy Association estimates that $38 trillion will be needed globally between now and 2030 to meet demand and C02 goals.
29. What They’re Saying About the Clean Energy Economy “Right now, the United States has no long-term market signal to tell companies and consumers that it values low-carbon energy. It has no policies to discourage sending hundreds of billions of dollars a year overseas for energy. It does not offer adequate sustained R&D funding to be a serious competitor in this huge business.” - John Doerr, venture capitalist