Fueling Wisconsin`s economy with renewable energy
Conference
·
OSTI ID:109862
- Wisconsin Dept. of Administration, Madison, WI (United States). Energy Bureau
A dynamic macroeconomic model of the Wisconsin economy is used to estimate the economic impacts of displacing a portion of future investment in fossil fuel power plants (coal and natural gas) with renewable energy resources (biomass, wind, solar and hydro). The results show that renewable energy investments produce over three times more jobs, income and economic activity than the same amount of electricity generated from coal and natural gas power plants. Between 1995 and 2020, a 75% increase in renewable energy use generates approximately 65,000 more job-years of employment, $1.6 billion in higher disposable income and a $3.1 billion increase in gross regional product than conventional power plant investments. This includes the effects of a 0.3% average annual increase in electricity prices from renewable energy investments.
- OSTI ID:
- 109862
- Report Number(s):
- CONF-950725--; ISBN 0-89553-167-4
- Country of Publication:
- United States
- Language:
- English
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