Interactive
Direct Air Capture Deployment and Economic Opportunity: State-by-State
In a data dashboard, we take a look at what the potential for direct air capture industry scale-up means for individual states and how they might benefit.
US Economic and Job Modeling
Our modeling projects workforce opportunities resulting from the deployment of decarbonization technologies or policies. This analysis is used for decision-making by federal and state policymakers and for community engagement by project developers.
Rhodium Group’s US economic and job modeling projects workforce opportunities resulting from the deployment of decarbonization technologies or decarbonization policies. This analysis is used for decision-making by federal and state policymakers and also for community engagement by project developers.
Through this modeling, we can provide data on capital investment requirements, tax revenues, jobs estimates, and workforce industry details including occupations and wages or other job characterizations resulting from the deployment of decarbonization technologies or US policy developments.
Our approach
For our US economic and job modeling, we use IMPLAN to model the economic impacts in existing industries and technologies. For emerging technologies that do not exist at scale in current industries, we develop detailed cost models for a given technology and then create a methodology to simulate the economic impact of those values in IMPLAN. This results in an approach that projects economic impacts in a way that disaggregates emerging technologies as if they were industries that exist today.
When we provide workforce analysis such as occupation and wage details, we supplement our IMPLAN analysis with additional BLS data and internally developed classifications for occupations. The goal of our workforce detail methodologies and results is to make the data as usable to workforce and union representatives as possible.
All of our economic impact analysis, including the development of detailed cost models, is informed by project developers, industry feedback, and publicly available literature.
State and regional economic opportunities
We use this modeling to highlight state and regional opportunities for emerging decarbonization industries. In the research examples below, we looked at the economic opportunity for scaling carbon capture and direct air capture at the state level. This analysis is useful for both state and federal policymaking.
State-level economic and job opportunities
Interactive
Carbon Capture and Storage Workforce Development: State-by-State
State-by-state analysis of the job creation benefits and economic opportunities from carbon capture retrofits.
Policy-level impacts
We provide US economic and job modeling to project the impact from a policy or suite of policies at the state and federal level. See an example of this work, assessing the carbon capture components of the American Jobs Plan, here.
Emerging decarbonization technologies
We also use our modeling to project the economic and job benefits from the deployment of emerging climate technologies like clean hydrogen and sustainable aviation fuels at the facility-level. This analysis is useful for project developers working on state and community-level engagement.
Emerging climate technologies
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Sustainable Aviation Fuel Workforce Development: Opportunities by Occupation
We assess the workforce development and occupation opportunities from building up the sustainable aviation fuels industry.
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Clean Hydrogen Workforce Development: Opportunities by Occupation
The US is positioning itself to be a leader in clean hydrogen production thanks to a wave of policy support. We assess potential job opportunities from building up the clean hydrogen industry.
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Direct Air Capture Workforce Development: Opportunities by Occupation
Direct air capture has the potential to play a pivotal role in meeting long-term US decarbonization targets. To achieve scale, the emerging industry will require a large, well-trained workforce.
