Tag Archives: #CleanPowerPlan

Report finds Clean Power Plan will boost Iowa economy, create jobs

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Today, the Iowa Wind Energy Association released The Economic Impact of Iowa’s Wind Potential to Meet Carbon Reduction Goals, a report showing an increase in the demand for wind energy – spurred by the Clean Power Plan – will translate to expanded job creation and economic development in Iowa.

Depending on the amount of wind installed in Iowa over the next 15 years, Iowa could create an average of 483 to 6,424 wind-related jobs each year, and as many as 10,992 jobs during the peak year of wind turbine installment.

The report, authored by Dave Swenson, an associate scientist in the Department of Economics at Iowa State University, lays out an economic impact analysis of four wind energy scenarios for using wind energy to comply with the Environmental Protection Agency’s Clean Power Plan, released earlier this week. By establishing state-specific carbon pollution reduction goals based on each state’s energy portfolio, the Clean Power Plan will cut 32% of carbon pollution from U.S. power plants by 2030 (from 2005 levels).

“The Clean Power Plan presents a huge economic opportunity for Iowa,” said Climate and Energy Policy Specialist Cindy Lane. “As a national wind energy generation and manufacturing leader, we have the resources and infrastructure to meet our own goal, and help other states meet their goals. This report provides a clear picture of how the Clean Power Plan can benefit Iowa by creating jobs and adding value to our economy.”

The final Clean Power Plan calls for Iowa to reduce its carbon pollution rate to 1,283 lbs/MWh by 2030, a slight increase from the originally proposed 1,301 lbs/MWh. At the end of 2014, wind energy accounted for 28.5 % of Iowa’s electrical generation – the highest of any state.

“Iowa’s early actions to transition to cleaner energy will be further encouraged under the final Clean Power Plan,” Lane noted. “In short, Iowa can get a jumpstart on meeting its carbon reduction goal by submitting a timely, state plan and investing early in 1) renewable energy projects and 2) energy efficiency projects implemented in low income communities. The sooner that Iowa submits a final state plan detailing its Clean Power Plan implantation strategy, the sooner Iowa can get credit for renewable energy and energy efficiency projects that are constructed/implemented after that date. These early credits can be banked, and counted toward carbon pollution reduction requirements during 2022-2029.”

Scenarios in the report evaluate wind installation levels starting at 2,320 MW and ending at 15,000 MW – all well within Iowa’s wind capacity; recent studies show 20,000 MW could be developed by 2030. Labor income totals could reach up to $114 million in the first year, and have the potential to grow to $594 million by 2030. Value added to the economy could hit $2.1 billion by 2030, bringing the final total output to as much as $3.56 billion in the final year.

“The Clean Power Plan will improve our economy, protect and support our communities, safeguard our working lands and strengthen our energy independence – Iowa really is in an ideal position,” Lane said.

The full report is available for download on the IWEA website.

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Clean Power Plan: An Opportunity for Iowa

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President Barack Obama greets attendees, including Iowa Environmental Council Energy Program Director Nathaniel Baer (pictured), in the Blue Room before he delivers remarks on the Clean Power Plan in the East Room of the White House, Aug. 3, 2015.

Today, the U.S. Environmental Protection Agency (EPA) announced the finalization of the Clean Power Plan, a landmark standard that sets the first-ever federal limits on carbon pollution from power plants.

By establishing state-specific carbon pollution reduction goals based on each state’s energy portfolio, the Clean Power Plan will cut 32% of carbon pollution from U.S. power plants by 2030 (from 2005 levels), and improve Iowa’s economy, protect our communities, safeguard our working lands and strengthen our energy independence.

The final Clean Power Plan calls for Iowa to reduce its carbon pollution rate to 1,283 lbs/MWh by 2030, a slight increase from the originally proposed 1,301 lbs/MWh. Both goals are based on reductions from 2012 carbon pollution levels. However, the baseline or starting point for those calculations has changed. Therefore, while the final Clean Power Plan calls for Iowa to cut carbon pollution from its power plants by 41%, this cannot be directly compared to the originally proposed 16% reduction.

As a national wind energy leader, Iowa is well-equipped to meet this modest goal, and could have achieved a significantly stronger goal. The final Clean Power Plan presents significant opportunities for Iowa’s wind sector to help reduce emissions in other states.

“We applaud the EPA and Administrator McCarthy’s leadership in finalizing the Clean Power Plan,” said Energy Program Director Nathaniel Baer, who was among leading clean energy advocates invited to join President Obama at the White House for a media event announcing the finalization of the plan. “However, Iowa’s carbon reduction goal remains one of the lowest in the country. While achievable, this modest reduction goal doesn’t begin to realize Iowa’s full clean energy potential.”

As a national leader in wind energy generation and manufacturing, Iowa is already on track to achieve and surpass its carbon reduction. Wind energy accounts for 28.5 % of Iowa’s electrical generation – the highest of any state. Recent studies show that Iowa’s wind energy potential is over 570,000 MW and 20,000 MW of this could be developed by 2030.

“Though the Council would have liked to see a stronger goal, we look forward to working with the state’s leaders over the next year to shape a strong implementation plan that maximizes Iowa’s potential for renewable energy growth and energy efficiency savings,” said Climate and Energy Policy Specialist Cindy Lane.

By increasing the regional and national demand for clean energy, the Clean Power Plan will expand opportunities for wind as well as solar energy development, strengthening Iowa’s economy and job market.

In addition to improving Iowa’s economy, the Clean Power Plan benefits the state’s communities, cultural heritage and environment. By cutting carbon pollution and encouraging a transition to clean energy, the Clean Power Plan will make Iowa a safer, healthier and more attractive place to live and work.

Read the final Clean Power Plan