Here’s How to ‘Build Back Better’ with Advanced Energy Investment

Posted by Leah Rubin Shen on Feb 24, 2021 11:26:10 AM

Federal Stimulus Priorities

Since taking office on January 20, President Biden has begun to lay out his plan for addressing four intertwined crises facing the country: the public health crisis of the COVID-19 pandemic, the associated economic crisis, climate change, and a legacy of racial injustice traced back to our country’s earliest roots. He has signed a series of executive orders aimed at addressing these crises, including rejoining the Paris Agreement on Climate Change and outlining a whole-of-government response to climate change with a focus on clean procurement, environmental justice, and support for communities dependent on fossil fuel industries. And he has outlined plans to push two legislative packages: the American Rescue Plan, focused on immediate COVID-19 response, and the Build Back Better Plan, focused on economic recovery. While details of the Build Back Better Plan are still forthcoming, at its core is a massive investment in infrastructure, prioritizing clean energy, domestic manufacturing, and union jobs. At AEE, we have some ideas about how to get the most economic bang out of federal bucks by investing in advanced energy.

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Topics: Federal Policy, Economic Impact, Manufacturing and Infrastructure

How Wholesale Electricity Markets Can Get Us to a 100% Clean Energy Future

Posted by Prusha Hasan and Dylan Reed on Jul 21, 2020 9:38:39 AM

CLEAN Future Act blog post Final-730

Over the past two years, climate change has resurfaced as a top policy priority in Congress with policymakers from both parties offering ways to reduce carbon emissions. AEE has actively engaged in this conversation, testifying to Congress on how the country can achieve a 100% clean energy future in the power sector cost effectively. While many, including AEE, have focused on the need to establish a strong and enforceable target for meeting a 100% clean future, less attention has been paid to the ways wholesale electricity markets could drive toward this target, lowering consumers costs, expanding consumer access to clean energy, and reducing carbon emissions. That is, until now, as federal lawmakers are turning to expansion and improvement of wholesale markets as well as reducing barriers for advanced energy to access these markets as part of their plans.

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Topics: Federal Policy, Wholesale Markets

Despite Pandemic Slump, EV Growth Means More Charging Stations Are Needed. The U.S. Would Gain by Investing in Them Now.

Posted by Claire Alford and Matt Stanberry on May 21, 2020 12:00:35 PM

EV infrastructure Jobs blog post final

Automakers are particularly vulnerable to economic downturns; just think back to the 2008-2009 financial crisis. So it should come as no surprise that EV sales, along with all others, are expected to drop in the coming year due to the global COVID-19 pandemic. But in the long term, nothing has changed. Manufacturers are gearing up their EV offerings, EVs continue to grow their worldwide market share, and gas-powered vehicles have hit their peak. What’s next, especially in the United States, is for the charging station build-out to match the coming demand – and realize the job gains and global competitive advantage that could come from a federal charging-station investment.

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Topics: Federal Policy, Advanced Transportation

With Nearly 600,000 Jobs Lost, the Time is Now for Congress to Aid Advanced Energy

Posted by Dylan Reed on May 13, 2020 2:02:10 PM

594K AE Jobs Lost-730

In just two short months, the COVID-19 pandemic has devastated the American economy. The unemployment rate has reached levels that the country has not seen since the Great Depression nearly 100 years ago. Congress and the Trump Administration have responded by providing trillions of dollars of immediate relief to businesses and households to avoid even worse impacts. But no action has been taken on a simple measure that could help save hundreds of thousands of advanced energy jobs that otherwise may never return. The time to act is now, because time is running out.

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Topics: Federal Policy, Advanced Energy Employment

At 3.6 Million Jobs in 2019, Advanced Energy Was Growing. Then the Pandemic Hit.

Posted by Bob Keough on Apr 22, 2020 5:04:55 PM

2020 jobs industry-500

Since 2016, the year when authoritative data first became available, we have been reporting the size and growth of employment in advanced energy on an annual basis. During that time, we have seen U.S. advanced energy jobs grow from 2.7 million in 2015 to 3.6 million in 2019. Each year the growth in advanced energy employment has outpaced growth in U.S. jobs overall, often by a factor of two or more. So it is with the latest numbers. But this is not like any other year. Rather, the job growth of last year is now overshadowed by the immediate job losses resulting from the coronavirus pandemic. Now the critical jobs need is sustaining the industry during the lockdown – and making good on the employer expectations of growth coming into 2020 by driving the economic recovery to follow.

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Topics: Federal Policy, Advanced Energy Employment