|By PR Newswire||
|February 11, 2009 11:39 AM EST||
Unions and Industry Group Release Study Citing Economic Impacts of Advanced Coal Electric Generation
The Industrial Union Council of the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), the International Brotherhood of Boilermakers (IBB), the International Brotherhood of Electrical Workers (IBEW), the United Mine Workers of America (UMWA), and The American Coalition for Clean Coal Electricity (ACCCE), today released a study entitled "Employment and Other Economic Benefits from Advanced Coal Electric Generation with Carbon Capture and Storage Technologies (Preliminary Results)."
The study estimates the employment and economic benefits resulting from deployment of advanced coal-based electricity generation facilities (power plants) equipped with carbon capture and storage (CCS) technologies that reduce carbon dioxide emissions. Depending on how many CCS-equipped plants are deployed, some 5 to 7 million man-years of employment could be created during construction, and a quarter of a million permanent jobs added during operations (see table below.)
Conducted by BBC Research and Consulting, the study assumes that 20, 65 and 100 gigawatts (GW) of advanced coal-based electricity generation equipped with CCS are added to the nation's generation mix. (One gigawatt provides enough electricity to power 300,000-400,000 homes. There are slightly more than 300 gigawatts of coal-based power plants in operation today). In addition, the study estimates the benefits of HR 6258, introduced by Representative Boucher in 2008, that provides independent funding support for the early commercial demonstration of CCS technologies.
A U.S government economic model was used to calculate the resulting benefits in terms of jobs, output, value-added (GDP) and labor income associated with both the construction and operation of advanced coal-based facilities equipped with CCS.
Preliminary results of the study are summarized in the tables below:
Cumulative Benefits During Construction Benefits 100GW 65GW 20GW Boucher Jobs 6.9 4.5 1.4 0.2 (million job years) Output $1.1 $0.7 $0.2 $0.03 (trillions) Labor Income $368 $240 $75 $12 (billions)
Annual Benefits During Operations Benefits 100GW 65GW 20GW Boucher Jobs 251 153 48 7.5 (thousands) Output $58 $36 $11 $2 (billions) Labor Income $17 $10 $3.2 $0.5 (billions)
"This study demonstrates that developing CCS technology in America is a win-win-win for all concerned," UMWA International President
"The results of this study show the importance of deploying CCS technologies, not only because of their potential to reduce greenhouse gas emissions, but also because of their substantial economic benefits, At the same time, we must ensure that these technologies are developed and commercialized as rapidly as possible to achieve these benefits. " said
A full version of the study can be obtained at: www.americaspower.org.
Websites for additional information:
Industrial Union Council, AFL-CIO: http://www.aflcio.org/issues/jobseconomy/manufacturing/iuc/
International Brotherhood of Boilermakers: http://www.boilermakers.org/
International Brotherhood of Electrical Workers: http://www.ibew.org/
United Mine Workers of America: http://www.umwa.org
American Coalition for Clean Coal Electricity: http://www.cleancoalusa.org/
SOURCE American Coalition for Clean Coal Electricity