President Obama spoke
today in California about the future of America’s energy landscape, and how
investments in the clean-energy industry can lead to the creation of more jobs
in California and throughout the country.
Clean coal is one of
these clean-energy technologies that must be developed as we move toward a green
economy and the creation of green jobs. Clean coal is already helping boost the
economy and employment in places like Michigan:
The U.S. Department
of Energy has
touted the returns from clean coal investment in the past. A study
entitled Benefits of Investment in Clean Coal Technology found that
by 2009, the cumulative benefits from
government investment in CCT totaled $6 billion and cumulative DOE costs totaled
$3.5 billion. By 2020, the cumulative benefits are expected to total $111
billion, at a cost to the DOE of only $8.5 billion.
has the 9th highest electricity prices in the nation. And as we
talked about last week rising energy prices threaten to drive more
businesses out of the state. Thankfully, CCT investment represents an
opportunity for California to create new jobs that will help the country arrive
at its clean energy future.