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    13 Energy Groups, Boston Consulting Group Issue Report Entitled 'Energy Transition for All'


    June 6, 2022 - Targeted News Service

     

      WASHINGTON, June 6 -- The American Clean Power Association with 12 member companies and Boston Consulting Group issued a 30-page report in March 2022 entitled "Energy Transition for All".

      The companies are AES, American Electric Power, Clearway, Dominion Energy, Duke Energy, EDP Renewables, Enel Green Power, Intersect Power, Invenergy, Mortenson Co., Pattern and Siemens Gamesa.

      Here are excerpts:

      * * *

      Introduction

      The United States is in an unprecedented transition toward a clean energy future. Today, wind and solar energy represents roughly 13% of electricity generation in the U.S./1 By 2030, the clean energy industry could account for as much as 50% of the electricity produced in the U.S. -- creating 500,000 jobs, attracting $700 billion in new investment, and completely reimagining how we generate and deliver power across the United States./2

      This energy transition represents an unparalleled opportunity to create a better future for everyone; one that offers greater access to clean and affordable power, as well as economic growth and opportunities for investment and innovation. However, we know that this level of change can have significant social consequences -- especially for communities that have been home to carbon-intensive industries, or that historically have been left behind.

      No single industry or sector of the economy can address these issues alone. We need the proactive intervention and engagement of federal, state and local policy makers, companies, NGOs, and community leaders, among others, to ensure that the benefits of this historical transformation are broadly shared across the United States -- especially in communities most vulnerable to this change.

      The clean power sector is a key player in this ecosystem. ACP is committed to being a positive contributor to an equitable energy transition for all. Our member companies have a broad range of programs that are helping provide economic opportunity to transitioning workers and communities, and that are increasing participation of diverse and underrepresented populations in the industry. Still, we see an opportunity to scale best practices and drive a well- orchestrated cross-sector approach to achieve an even greater impact along three pillars:

      1 Expand opportunity for workers, especially those from transitioning and historically disadvantaged communities

      2 Create value for communities through supply chains, targeted investments, and local economic development

      3 Lead in diversity and inclusion, striving towards a workforce and leadership teams that are representative of the communities we operate in

      ACP and its member companies will pursue programs across these three pillars as part of a multi-year initiative. As the industry and the external environment evolve, so too will our focus and areas of commitment.

      * * *

      Our Approach

      This report summarizes the findings of an effort to identify best practices and extract lessons on securing an energy transition for all while improving diversity, equity, and inclusion. It is based on dozens of interviews with industry executives, program leaders, thought leaders and experts, an in-depth literature review, analyses, and careful assessment of existing associated programs from industry and non-profit organizations.

      Informed by these findings, we have identified a set of best practices and highlighted actions that leading companies are taking to meet this challenge head on. Following sections of this report discuss:

      * The broader macro trends and challenges facing communities and how the clean energy industry can play a role in the solution

      * A set of best practices that the industry will implement to expand opportunities for workers, create value for communities, and improve on diversity, equity, and inclusion

      * Examples of current industry efforts that bring these best practices to life

      * Opportunities for government policy to maximize impact from industry action

      * Ways the clean energy industry can partner across a broader ecosystem of community leaders, NGO's, academics, and other corporate players

      The work our industry put into this report over the months leading up to its publication reflect ACP member companies' desire and dedication to drive meaningful impact in transitioning and historically disadvantaged communities through a unified front and coordinated approach.

      * * *

      Conclusion

      Nationally and globally, we are experiencing a historic shift that will spur incredible economic growth and prosperity, as well as unprecedented scientific advancement. The clean energy industry has the opportunity and obligation to share the benefits of this transformation, particularly with those who have suffered through the decline of legacy industries or historical under investment. Vulnerable communities across the country are facing generational and technological change that is tearing at their social and economic fabric. But ACP and its member companies are ready to do our part. With similar commitment and coordination across the broader ecosystem of participants, we can achieve something worthwhile and special: an Energy Transition for All.

      * * *

      The report is posted at: https://cleanpower.org/wp-content/uploads/2022/03/Energy_Transition_For_All_ACP_Report.pdf

      TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and individuals; as well as 'gathered' public policy information, including news releases, reports, speeches. For more information contact MYRON STRUCK, editor, editor@targetednews.com, Springfield, Virginia; 703/304-1897; https://targetednews.com

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