How climate regulations will Create Tens Of Thousands Of Jobs

CLIMATE:

According to a recent report, by 2020, the Environmental Protection Agency’s (EPA) proposed Clean Power Plan will create nearly 100,000 according to a new report from the Economic Policy Institute, a non-partisan think tank.

The new report found that the job impacts of the Clean Power Plan, which limits carbon emissions from power plants, would not last, and would become “almost completely insignificant by 2030.”

Recall that recently, G7 leaders agreed to reduce global temperatures by two degrees Celsius ahead of their Climate summit in Paris in December, a move many climate change activists commended.

According to the report, coal mining and coal-fired power plants will face the biggest job losses if the Clean Power Plan is implemented, because coal-fired power plants are responsible for 39 percent of the United States’ electricity generation and three-quarters of the sector’s carbon emissions.

But other sectors, including renewable energy, scientific research, and appliance manufacturing, the report noted that there will be an increase in job opportunities.
The think tank adds that efficiency investments, such as retrofits for homes and businesses, will be a key driver in initial job growth, but will ultimately lower electricity demand.

 EPI's comprehensive report looks not only at direct employment — for instance, coal mining positions that will be lost, or solar industry jobs created — but also at indirect employment such as where the miners spend their wages. 
But other related changes might not be included in a jobs analysis. For instance, the think tank estimates the Clean Power Plan will have “climate and health benefits worth an estimated $55 billion to $93 billion per year in 2030. This includes avoiding 2,700 to 6,600 premature deaths and 140,000 to 150,000 asthma attacks in children.”

The final Clean Power Plan rule is expected to be issued in August, but has already faced legislative and legal challenges, primarily from states with large coal industries.


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