In a recent analysis, William Strauss of FutureMetrics outlines a plan that could significantly boost U.S. manufacturing jobs, particularly in the coal mining and forest products sectors. The proposal suggests co-firing 15% U.S.-produced bioresource-derived solid fuel with 85% coal in power plants, a strategy that aims to stimulate billions in new investments while enhancing national energy security [9462a448]. This initiative is particularly timely as the coal sector faces challenges from low-cost natural gas and an aging fleet of coal plants, with 762 coal units having been retired since 2000 and the median age of coal plants now at 46 years [9462a448].
The plan is projected to create tens of thousands of jobs in economically depressed areas, sustaining coal demand while addressing job losses in these regions. It is anticipated that the U.S. will export nearly 10 million metric tonnes of pellet fuel in 2024, indicating a growing market for biomass energy [9462a448]. The proposal also includes a potential investment of $3 billion for new pellet manufacturing facilities, which would further support job creation and economic revitalization [9462a448].
Importantly, the cost to ratepayers is expected to be negligible, and taxpayers would incur no costs associated with this plan. The administration could mandate the operation of selected coal units for at least another decade, providing stability to the coal sector while promoting the use of biomass as a cleaner alternative [9462a448]. This strategy not only aims to bolster the coal and forest products sectors but also addresses the pressing need for job creation in rural areas, aligning with broader economic recovery efforts [9462a448].
