Uncategorized

Clean Energy Created Thousands of Jobs in NC, Spurred Economic Development, Helped Ratepayers

While the General Assembly is currently focused on smoothing the road to drill for natural gas in North Carolina, a new report shows the economic value clean energy has brought to our state over the past five years.

The report was prepared by Research Triangle Institute and LaCapra Associates.

Some of the key findings:

Clean energy programs created or retained over 21,000 jobs.

The clean energy industry and government incentives spurred $1.4 billion in project investments.

These projects contributed about $1.7 billion to the gross state product.

Clean energy and energy efficiency projects saved 8.2 million megawatt hours of energy.

For every $1 spent on renewable projects, $1.90 was generated for that investment. For energy efficiency projects, $1.67 was generated for that investment.

Finally, rate payers benefit from renewables and energy efficiency programs.  A typical NC residential customer saved $.50 per month last year and that is expected to only rise if our state continues to lead in this industry.

Earlier this year the Washington Post reported that the conservative Heartland Institute and the American Legislative Exchange Council (ALEC) were considering a strategy to repeal North Carolina’s Renewable Energy Standard (RES).  Our state has the only RES legislation in the south. This legislation requires utilities to  hold a portion of their energy portfolio in renewables.   This legislation and incentive programs are the reason for the healthiness of the renewable energy industry.  As the governor and legislature focus on job creation and economic development, this part of the energy sector now has a strong and proven track record and should be encouraged to grow.

 

 

 

 

Check Also

Excuses fading for inaction on climate change

Among the most prominent reasons for US inaction ...

Top Stories from NCPW

  • News
  • Commentary

An ex-North Carolina lawmaker received financial benefits for his work with a nonprofit that stands [...]

When Cherise Fanno Burdeen talks about the U.S. justice system, she’s speaking from more than 20 yea [...]

“I could choose to do anything else with $50.” But Anca Stefan, a high school English teacher in a D [...]

The Cape Fear River is damaged, contaminated by decades of human malfeasance, negligence and ignoran [...]

Imagine your life if your boss could arbitrarily—and legally—take away chunks of your paycheck after [...]

It’s been almost three years since state legislative leaders hired longtime conservative politician [...]

The post Snail mail appeared first on NC Policy Watch. [...]

America is often touted as a nation of laws, and not of men. But it seems that today some lawmakers [...]

Now hiring

NC Policy Watch is now hiring a Managing Editor – click here for more info.