The Center for Climate Strategies has analyzed the macroeconomic effects of Wisconsin's recently proposed Clean Energy Jobs Act (CEJA). The results show that implementation of energy and climate-related actions in the law would expand Wisconsin's economy and increase net employment in the state. The analysis focuses on nine proposed policy actions that address clean and renewable energy, energy efficiency, industrial processes, transportation and agriculture.
Based on macroeconomic analysis using the Regional Economic Models Inc. policy insight plus model, implementation of these actions would, on balance, result in the following outcomes for Wisconsin between 2011 and 2025:
– create a net increase of more than 16,200 new jobs in the state by 2025, and
– boost the state's economy by $254 million in the near term (2015), more than $700 million by 2020, $1.4 billion by 2025 and $4.85 billion total (in net present value) over the 2011-2025 period.
The measures in the CEJA are a result of work done by a task force created through Executive Order 191, signed by Gov. Jim Doyle, D-Wis., in April 2007. The 29-member Task Force on Global Warming was charged to explore viable policy options for reducing emissions and improving energy efficiency while growing the state's economy and creating new jobs.
SOURCE: The Center for Climate Strategies
