MANUFACTURING SECTOR IMPACT: 2009 Greenhouse Gas Reduction Act (GGRA) requires that cuts in emissions may not cause a significant increase in costs to the manufacturing sector.
FINDING: No significant increase in capital or energy costs for the manufacturing sector. Large, electricity-intensive industries, such as chemical plants, will see the greatest energy cost increases - between 1 and 2 percent. Small, less energy-intensive industries, such as printing, could see cost savings as a result of participation in energy conservation programs, such as EmPower Maryland.
JOBS: GGRA says greenhouse gas reduction requirements may not cause reductions in existing manufacturing jobs.
FINDING: "Job losses in the manufacturing sector attributable to select CAP policies will be minimal and may not occur at all," says the economic report. It notes that Maryland's manufacturing sector has lost jobs since the 1970s, a trend expected to continue with or without the CAP.
GREEN JOBS: GGRA requires reduction measures to produce a net increase in jobs in Maryland, and encourage new employment opportunities in the State related to energy conservation, alternative energy supply, and greenhouse gas emissions reduction technologies - so called "green jobs."
FINDING: New jobs in each of these categories are expected to grow. Currently, green jobs make up about 3 percent of the state's workforce. Green job opportunities will be available to those who enhance or modify existing skills.
ELECTRIC RELIABILITY: GGRA requires the Maryland Department of the Environment to "ensure the plan does not decrease the likelihood of reliable and affordable electrical service and statewide fuel supply."
|Contact: Neil Tickner|
University of Maryland