According to a new report from the Union of Concerned Scientists (UCS), clean energy policies would boost Midwestern economies. Last week, the Brookings Institution released a study that found the private-sector “green” economy in the Midwest already employs nearly 40,000 people. However, “A Bright Future for the Heartland: Powering the Midwest Economy with Clean Energy,” estimates that this number is already higher and will continue to grow.
In particular, the report found that the Midwest has great potential to produce electricity from renewable resources including wind, biomass and solar. Iowa is already the leading state for wind and biofuels and other Midwestern states like Minnesota are following close behind. The UCS report says that renewable energy has the ability to cut home and business energy bills, drive billions of dollars in new business investment and create thousands of jobs. All of this can happen, says the report, while reducing the use of energy created by coal.
“Adopting stronger clean energy standards can help transform the region’s economy,” said Steven Frenkel, director of UCS’s Midwest office. “Generating more renewable energy will put people back to work manufacturing the components needed to power the clean energy economy, such as wind turbines and solar panels. At the same time, reducing energy use can help keep Midwest businesses competitive by cutting their energy costs.”
The study analyzes the possible impact of a clean energy strategy that would help the economy. The duo approach includes policy combined with the adoption of energy efficient technologies. More specifically, the “proposed” policy would require 30 percent of each state’s electricity to come from renewable sources by 2030 coupled with the goal of a 2 percent reduction in annual power consumption by 2015 with an additional 2 percent reduction each following year. The study also found that while individual state policies can have an impact, the greatest achievement would happen if all states acted together.
Claudio Martinez, UCS energy analyst and report author added, “Few places in the world have the combination of a great renewable energy potential, a strong manufacturing base and the skilled workforce needed to realize that potential. And the Midwest is one of those places.”