Subscribe

News & Features

American Innovation Report Touts Benefits of Green Energy Manufacturing in the Midwest

Posted on February 9, 2010


Significant potential for job and revenue growth seen in Midwest sectors.

from the Material Handling Industry of America

If the federal government implements new energy policies that encourage low-carbon technologies, Midwest manufacturing could gain significantly, according to a report by The Climate Group and the University of Michigan.

“American Innovation: Manufacturing Low Carbon Technologies in the Midwest” looks at the impacts on wind turbine, hybrid powertrain and advanced battery manufacturing. The study anticipates three factors – a $17 per ton price on carbon, a green economic stimulus program, and a 20 percent federal renewable electricity standard by 2020.

Top Findings:

  • Climate and energy policies would lead to additional market revenues of up to $12 billion, additional state and local tax revenues of up to $800 million and up to 100,000 new jobs from the wind turbine component, hybrid powertrain, and advanced battery manufacturing sectors in the Midwest by 2015.
  • In the wind turbine component sector, climate and energy policies would create up to $7.1 billion in additional market revenues, $470 million in additional tax revenues and more than 61,800 new jobs in the Midwest by 2015.
  • In the hybrid powertrain sector, climate and energy policies would lead to $3.8 billion in additional market revenues, $252 million in additional tax revenues and 30,900 new jobs in the Midwest by 2015.
  • In the advanced battery sector, climate and energy policies would create up to $1.4 billion in additional market revenues, $90 million in additional tax revenues and 11,900 new jobs in the Midwest by 2015.
  • Because the report looks at only three of the fifteen low-carbon technologies that the Midwest has a comparative advantage in, findings represent only part of potentially greater economic benefits associated with manufacturing low carbon technologies in the Midwest.