TVA Board Member: Manufacturers Will Benefit from Clean Power Plan
Tuesday, September 27, 2016
NASHVILLE, Tenn. – While the issue of clean energy was just one of the myriad of topics discussed at last night's presidential debate, a new study finds that it should be top of mind for big business in the state. Specifically, researchers found that manufacturers will see significant savings over time as the president's Clean Power Plan is implemented.
Dr. Marilyn Brown, a Tennessee Valley Authority Board member, and the study's author said, "Industry is the one sector of the economy that uses the most fossil fuels directly on site so the pollution consequences of large-scale growth of industry is more concerning than large-scale growth of say household consumption."
Brown, who works for Georgia Tech, found that if states were to adopt a low-cost Clean Power Pathway to compliance, U.S. industries could realize a cumulative savings of $442 billion over the next 15 years. That could be used for plant modernization, product improvements, and even to help grow local jobs. Some manufacturers are challenging the Clean Power Plan in court, arguing that the law exceeds the EPA's authority.
Earlier this month, the Alliance for Industrial Efficiency ranked Tennessee 13th in the country when it comes to potential carbon reductions with the Clean Power Plan. Specifically, the state would see a savings of almost $21 billion over a 15-year period.
Jennifer Kefer, the executive director of the organization said working to reduce the nation's carbon footprint can't ignore one of the biggest contributors to emissions.
"The industrial sector is the nation's largest energy user," she said. "It represents about one-third of U.S. energy demand, and so it's virtually impossible to take on climate change without tackling emissions from the industrial sector."
Brown said in addition to the potential savings for manufacturers, adopting policies in the Clean Power Plan can facilitate the creation of new jobs across sectors.
"Money spent on plant modernization or product improvement, expanding the customer base for these products leading to business growth, local jobs, all kinds of benefits," Brown explained.
If no action is taken on the part of industries to incorporate clean energy in their manufacturing, Brown said their energy bills would rise by 44 percent over the next 15 years.
get more stories like this via email
A bill in Congress with a Connecticut House sponsor aims to reduce child labor in the United States. Called the "Children Harmed in Life-Threatening …
As the opioid crisis continues, more New Hampshire grandparents are seeking financial help to raise their grandchildren. Already struggling with the …
As of Jan. 1, insulin will become a lot more affordable for many Nebraskans, and those who have come to rely on telehealth visits are more likely to …
Some state and local lawmakers are on a long list calling on New York Gov. Kathy Hochul to require big oil companies to help offset the costs of …
Health and Wellness
November has been Diabetes Awareness Month - but heading into the holidays, people who are diabetic know they can't lose their focus on keeping it in …
Conservation groups are celebrating a long-fought battle to protect the dwindling population of wolverine in the Northwest and northern Rockies…
As world leaders gather in Dubai for the international conference on climate change, the City of Long Beach is acting on multiple fronts to help the …
A new report is calling for greater accountability in the system providing funding to farmers in underserved communities. The research takes a dive …