Florida Study - Bipartisan Policy Center

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displays the TIO from the investment in the additional renewable energy facilities, while Table C.2displays the employment, and Table C.3 displays the value-added. It should be noted thatinvestment impacts are one-time impacts that occur in the year when the facilities areconstructed.Economic Activity (Total Industry Output) from InvestmentFigure 16 displays the TIO that would occur from investment in additional renewableelectricity facilities under the two policy scenarios (The 25% RES and the 20% RES) for 2015 and2025. The figure provides the overall TIO and what shares the BEA Regions would accrue.These TIO values represent total impacts (direct + indirect + induced impacts). Under bothscenarios, the Miami Region is projected to experience the greatest TIO, with the SarasotaRegion second, and the Orlando Region third. Statewide, the 2015 TIO from investment inadditional renewable facilities is $16.7 billion under either federal proposal.Employment from InvestmentThe total number of jobs involved in the renewable energy industry directly as a result ofinvestment in facilities in 2015 is just over 33,400 (Table 20). Including multiplier effects, theadditional jobs created from investment in 2015 is over 103,000. These jobs are distributedsimilarly to the projected economic activity, with Miami region adding the greatest number ofjobs. For 2025, the additional jobs are 8,237 direct and 29, 724 total. In this time frame, theOrlando region experiences the greatest additions to jobs from investment.Economic Impacts: Year-to-Year Operations of a Renewable Electricity IndustrySome economic impacts occur each year as a result of the year-to-year business activitiesof the renewable energy industry. This section presents a summary of those projections. Detailedeconomic impacts by BEA Region from the year-to-year operations of the additional renewableenergy facilities for the three policy scenarios are shown in Tables C.4-C.6. Table C.4 shows thetotal industry output from the annual operations of the additional renewable energy facilities,while Table C.5 displays the employment, and Table C.6 shows the value-added.Economic Activity (Total Industry Output) from OperatingIn addition to economic activity resulting from investment in renewable facilities, operationof the renewable energy facilities is projected to add economic activity to Florida’s economyannually. In 2025, the annual impact is $11.2 billion, if either federal proposal is adopted.Figure 10 displays the Total Industry Output that would occur from operations of the additionalrenewable energy facilities for 2015. The figure provides the overall TIO and what shares theBEA regions would accrue. These TIO values represent total impacts (direct + indirect + inducedimpacts). Under each policy scenario, the Miami Region is projected to experience the greatestTIO, with the Orlando Region second, and the Sarasota Region third.24 ___ Federal Renewable Energy Portfolio Standard Impacts on Florida
MarkeyBingaman2.4% 4.8%6.6% 2.2%2.4% 4.8%6.6% 2.2%22.1%22.1%1.6% 1.5%38.4%1.6% 1.5%38.4%20.5%20.5%Gainesville Jacksonville MiamiOrlando Panama City PensacolaSarasota Tallahassee TampaGainesville Jacksonville MiamiOrlando Panama City PensacolaSarasota Tallahassee TampaStatewide Total IndustryStatewide Total IndustryYearOutput (Million $)YearOutput (Million $)2015 $16,660.6 2015 $16,662.79.9%6.3%0.0%6.2%9.9%6.3%0.0%6.2%14.0%0.7%22.0%14.0%0.7%22.0%10.1%10.1%30.8%Gainesville Jacksonville MiamiOrlando Panama City PensacolaSarasota Tallahassee Tampa30.8%Gainesville Jacksonville MiamiOrlando Panama City PensacolaSarasota Tallahassee TampaStatewide Total IndustryStatewide Total IndustryYearOutput (Million $)YearOutput (Million $)2025 $5,277.4 2025 $5,277.4Figure 16. Total Industry Output from Investment in a Renewable ElectricityIndustry Under the 25% RES and 20% RES Proposals, Florida, 2015 and 2025Federal Renewable Energy Portfolio Standard Impacts on Florida ___ 25
Page 1 and 2: Projected Impacts ofProposed Federa
Page 3 and 4: Executive SummaryThe purpose of thi
Page 5 and 6: Table ES.2. Summary of the Projecte
Page 7 and 8: Table of ContentsPageExecutive Summ
Page 13 and 14: Study PurposeProjected Impacts of P
Page 15 and 16: The 20% RESThe proposed new PURPA S
Page 17 and 18: Table 4. The 25% RES for Federal Re
Page 19 and 20: Table 6. ContinuedUtility Name Plan
Page 21 and 22: Potential for Energy Generation to
Page 23 and 24: Table 9. Florida Landfill Gas Proje
Page 25 and 26: Table 11. Projected Potential for E
Page 27 and 28: Direct Fire With Dedicated Energy C
Page 29 and 30: Projections to Meet the Federal Pro
Page 31 and 32: shown in Figure 8. The Miami and Sa
Page 33 and 34: of representative facilities invest
Page 35: projected to be purchased. The REC
Page 39 and 40: MarkeyBingaman9.0% 2.4%34.8%9.0% 2.
Page 41 and 42: Table 21. Employment Projections Fr
Page 43 and 44: Figure 19 shows the total employmen
Page 45 and 46: Although there are negative impacts
Page 47 and 48: References UsedAmerican Renewable E
Page 49 and 50: APPENDIX AENERGY SOURCE ABBREVIATIO
Page 51 and 52: APPENDIX BEXPENDITURES BY REPRESENT
Page 53 and 54: Conversion Technology: Large Reside
Page 55 and 56: Conversion Technology: Utility Scal
Page 57 and 58: Conversion Technology: Landfill Gas
Page 59 and 60: Conversion Technology: Co-fire (15%
Page 61 and 62: Conversion Technology: Wood Fired P
Page 63 and 64: Conversion Technology: Dedicated En
Page 65 and 66: Conversion Technology: Citrus Waste
Page 67 and 68: Conversion Technology: High Pressur
Page 69 and 70: Conversion Technology: Poultry Litt
Page 71 and 72: Expenditure Summary for Poultry Lit
Page 73 and 74: Conversion Technology: Methane Dige
Page 75 and 76: Conversion Technology: Methane Dige
Page 77 and 78: APPENDIX CECONOMIC IMPACTS FROM ADD
Page 79 and 80: Federal Renewable Energy Portfolio
Page 87 and 88:
Federal Renewable Energy Portfolio
Page 89 and 90:
Page 91 and 92:
APPENDIX DFLORIDA ECONOMIC ACTIVITY
Page 93 and 94:
Page 95 and 96:
APPENDIX EAdjusted Bureau of Econom
Page 97:
Table E.1. Adjusted Bureau of Econo
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