Wisconsin & Midwest Economies Would Get Boost From Clean Energy Investment, Study Finds

Posted on July 19, 2011. Filed under: Economic development, Energy Policy, Renewable energy - generally |

From a news release issued by the Union of Concerned Scientists:

By Adopting Stronger Renewable Energy and Efficiency Targets, States in Region Would Create Jobs and Save Consumers Money

CHICAGO (July 19, 2011) – Midwest residents would pay less for electricity, have more job opportunities, and breathe healthier air if their state adopted stronger clean energy standards, according to a peer-reviewed report released today by the Union of Concerned Scientists (UCS).

The report, “A Bright Future for the Heartland: Powering the Midwest Economy with Clean Energy,” shows that Midwest states have tremendous potential to produce electricity from renewable resources, particularly wind, biomass (plant material such as corn stalks and switch grass), and solar and to cut utility bills by reducing energy use in homes and businesses.

Tapping the Midwest’s clean energy potential would drive billions of dollars in new business investment, create thousands of jobs, and save families and businesses billions through lower utility bills, while reducing the state’s dependence on coal and associated carbon emissions that contribute to climate change. . . .

Besides creating [11,500] jobs, the stronger renewable electricity and energy efficiency standards in the Energy Roadmap would provide other important boosts to Wisconsin’s economy by 2030. These
economic benefits include:
• $2.7 billion in new capital investment in renewable energy and
energy efficiency
• $20 million in new income for farmers and rural landowners who
produce biomass energy or lease their land to wind developers
• $80 million in new property tax revenues, which would help
communities pay for schools and vital public services . . .

Cumulative savings on electricity and natural gas bills for Wisconsin consumers would total $1.5 billion by 2020, and grow to $6 billion by 2030, with all sectors of the economy sharing in the savings.


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