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Green Jobs and Workforce Development Northeast Energy Efficiency Council 2008 Annual Conference 16 October, 2008

Green Jobs and Workforce Development Northeast Energy Efficiency Council 2008 Annual Conference 16 October, 2008. Karl Jessen Economic Development Officer Renewable Energy Trust. Massachusetts Renewable Energy Trust.

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Green Jobs and Workforce Development Northeast Energy Efficiency Council 2008 Annual Conference 16 October, 2008

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  1. Green Jobs and Workforce DevelopmentNortheast Energy Efficiency Council 2008 Annual Conference16 October, 2008 Karl Jessen Economic Development OfficerRenewable Energy Trust

  2. Massachusetts Renewable Energy Trust • Established through 1998 electricity restructuring. Up till recently, part of the Massachusetts Technology Collaborative (MTC) • Funded by a system benefits charge (~$25M/year) • Mission: • Increase the supply of and demand for clean energy • Promote the development of a vibrant Massachusetts renewable energy industry cluster • Green Jobs Act – creates Clean Energy Technology Center to promote job growth

  3. Commonwealth Solar Massachusetts’ PV Rebate Program $68 million over ~4 years Goal of 27 MW installed by end of 2011 PV market on a trajectory to achieve the Governor’s 2017 goal of 250 MW Easy application process streamlined non-competitive rolling applications www.masstech.org/solar

  4. Large Onsite Renewables Initiative • ~$6 million per year budget. • Competitive solicitation and evaluation process. • Public projects are eligible in addition to commercial, industrial, and institutional projects. • Two deadlines per year.

  5. Clean Energy Program Supports greater use of renewable energy to meet needs of the Commonwealth • Predevelopment Financing – helping to offset costs of feasibility studies • Community Wind Collaborative – technical assistance for cities and towns. • Clean Energy Choice – voluntary renewable energy • Knowledge Programs – K-12 & Public Awareness • Offshore Wind Collaborative – overcome barriers to developing and generating electricity off-shore.

  6. Industry Investment and Development • Support growth of clean energy industry cluster in Massachusetts • Accelerate job growth, economic development, and technological innovation • Part of MA Business Resource Team • Sounding board on new technologies, new business models & investment strategies • Creating and assisting in forging strategic alliances • Venture Catalyst - Direct and co-investments • Forging relationships to attract global clean tech and high tech players to MA

  7. Wind Technology Test Center • RET partnering with NREL, UMass and Massport • Testing center for wind turbine technologies • Off-shore wind is a major energy source – and potential job source • Waterfront for installation and building • Need for port-based support for operations and maintenance Photos courtesy of the New and Renewable Energy Centre, Blyth, UK

  8. Cluster Support Activities Building the Clean Energy Cluster through: • Sponsorships – financial support of organizations and events • Facilitation – creating opportunities through connections, organizations and networking • Information – strategy, roadmaps, census, market information, directories • Partnerships – for unique opportunities for Universities, companies, federal, state and global partners

  9. 14,400 Jobs and 556 Companies Total = 556 Companies, Organizations and University Centers

  10. Catching the Market Wave Clean Energy startups are booming Total = 556 Companies, Organizations and University Centers

  11. Defining Clean Tech Success • Substantial MA operations & jobs • Sector leaders & anchor companies • Innovation & entrepreneurship culture • Valuable professional services network • Visible and effective industry networks

  12. High Expectations for “Green Jobs” • Worldwatch (funded by UNEP) notes environmental products and services of $2.74 trillion by 2020 with 2.3 million new renewable energy jobs in recent years and 20 million additional jobs by 2030. • U.S. Conference of Mayors projects 4.2 million clean energy jobs in next 30 years. • Concerns that there are too few green jobs being generated for vulnerable groups. • Greentech Media shows VC investment continues, with $2.8 billion in 3Q, with $1.5 billion in solar.

  13. A Great Opportunity for Massachusetts • We already have a Significant Job Base – But what’s the upcoming need?. • Fast Growth is predicted – more than 20% - but will it continue? • Mass is a Clean Energy Incubator – but can we keep them here? • Local Market Focus is an opportunity to keep growing – some activities are more local than others

  14. Questions & Comments Karl Jessen jessen@masstech.org

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