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Industry sector job quantity impact


The U.S. industrial sector represents a large swath of the economy. It currently employs 32 million people—accounting for roughly one-fifth of U.S. jobs. In Reinventing Fire, industry makes major investments to double its energy efficiency and increase adoption of combined heat and power (CHP). As in the buildings sector, a rise in industrial efficiency-focused capital expenditure, including investment in CHP, will create jobs. Similar to the jobs analysis in buildings, the investment in energy efficiency would be expected to lower energy bills and increase disposable income—inducing jobs in the wider economy. However, unlike buildings, it is less clear where the savings from energy efficiency go (reinvested in the company, paid out to shareholders, etc.). As a result, we have not tried to estimate the amount of induced jobs from industry sector efficiency.