According to Yahoo News, ” Last week, the Department of Energy (DOE) released a four-part “roadmap” that lays out the possible pathways to decarbonizing the industrial economy.”
“America’s industrial sector is critical to our economy and daily lives, yet it currently accounts for an enormous portion of greenhouse gas emissions, and is particularly difficult to decarbonize,” Secretary of Energy Jennifer Granholm said in a statement.
Many of the challenges faced with reducing the carbon footprint is the cost. The IRA contains $5.8 billion in tax credits for the investment in demonstration projects for industrial adoption of cleaner new technologies, and that can be used to show the private sector how switching to electricity is feasible for much of the sector.
With the mid-terms coming soon, we’ll see whether these pathways can be made feasible for organizations to adopt decarbonization in the industrial economy.
It’s a very interesting time, probably the most exciting time in recent memory for the electrical power and renewable energy business. Electrical power renewables and alternatives will be more likely to get funded and become profitable. Electric Power Generation careers will be at the forefront of this new trend. With Baby Boomers retiring and technology rapidly changing, the talent market will be tight.
Employers will want to plan for retention. Leadership will want to be more aware of the impact of having a lack of quality talent will negatively impact their business and personal careers.
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Sandra Smith is the Principal Consultant and Founder of Insight Energy Careers & Insight Talent Search. Her work focuses on talent development and recruitment for the Electric Power Generation and Renewable Energy Industries. She is a certified McQuaig Institute Evaluator.
