Clean Energy Jobs | Opportunities for Industry and Business | Costs of Inaction
Less Carbon, More Jobs: This map locates some of the hundreds of clean energy businesses in TennesseeClean energy already provides thousands of Tennessee workers with good jobs during hard times. This fact sheet collects several sources of information showing how accelerating the clean-energy transition will benefit Tennessee's economy — and, conversely, the costs and consequences of failing to act.
This map1 tells the story of existing companies across Tennessee that will get new customers and create jobs with a cap on carbon.2
Profiles of Clean Energy Businesses in Tennessee
IdleAire Technologies in Knoxville is one of the many businesses already flourishing from the rising interest in clean energy. Read their story to learn more about clean energy jobs.3
The Clean Energy Economy [PDF]
The clean energy industry in Tennessee is booming (job growth of 18.2%), much faster than the rest of the economy (job growth of 2.5%). By 2007, 1,090 businesses had generated more than 15,500 Tennessee jobs [PDF] in the clean energy economy, according to the Pew Charitable Trusts. Venture capitalists are investing more than $16 million in Tennessee's clean energy businesses.4
| Clean Businesses (2007) | Clean Jobs (2007) | Clean Job Growth (1998-2007) |
Overall Job Growth (1998-2007) |
Venture Capital (2006-2008) |
|
|---|---|---|---|---|---|
| Tennessee | 1,090 | 15,507 | 18.2% | 2.5% | $16,329,000 |
Both the Department of Energy and McKinsey and Company have identified significant, untapped opportunities for key industries in Tennessee to prosper under a clean energy economy.
According to a June 2009 report released by the National Oceanic and Atmospheric Administration, inaction on global warming will cause significant harm to the Southeast.9 The University of Maryland has concluded that these effects have heavy economic consequences for Tennessee.10
And the National Wildlife Federation shows how global warming will damage the 35,226 jobs provided by Tennessee's hunting and angling industries [PDF].11
A nationwide cap on greenhouse gas emissions would jumpstart a new energy economy in Tennessee and accelerate the growth of good-paying, clean jobs. If we fail to act soon, the new markets for clean energy will grow overseas instead.