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Embracing clean energy could bring $25B in investment in Ohio

Embracing clean energy could bring $25B in investment in Ohio

Embracing clean energy could bring $25B in investment in Ohio

New energy technologies “could lead to $25 billion in new investment in Ohio and support another 20,000 jobs,” a recent study shows, according to an article in Columbus Business First. Massachusetts-based Synapse Energy Economics and Case Western Reserve University’s Great Lakes Energy Institute, who conducted the study, “called for favorable policies in local economic development as well as a longer-term roadmap from the Statehouse to better capture potential investment and jobs.” There are “four principal changes in the energy business” that could benefit Ohio. Corporate investment by companies who want to power facilities with renewable energy could bring $6.2 billion; transportation could add another $6 billion from electric vehicles as they change the automotive market. The analysts said Ohio “has the means to quadruple green energy investment for another $7.6 billion,” and energy efficiency could add $6.6 billion. For more, read the full article.

Economic Development, Energy Efficiency, Renewable Energy, State Updates

 

Source: Develop Ohio

BY:

LINK: http://www.developohio.com/post/detail/embracing-clean-energy-could-bring-25b-in-investment-in-ohio-234413?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+Developohio+%28DevelopOhio%29

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The source of the report: Columbus Business First:

Ohio could see $25B in investment by embracing clean energy, new corporate coalition says

By  – Staff reporter, Columbus Business First

Ohio stands to benefit from the changing energy industry, but needs a strategy at the state and local levels, according to advocates.

Subscribe to get the full story.

LINK: https://www.bizjournals.com/columbus/news/2018/05/30/ohio-could-see-25b-in-investment-by-embracing.html

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from Develop Ohio:

Ohio ranks 3rd in region for clean energy employment

Posted:

More than 3,700 workers in the Mahoning Valley and 108,000 workers statewide are employed in the clean energy industry, a report from Clean Energy Trust and Environmental Enterprises finds, according to a recent article in The Business Journal. Those numbers placed the state third “in the 12-state region highlighted in the ‘Clean Jobs Midwest’ report.” Energy efficiency is the “top clean energy sector in the state,” employing 79,653; clean vehicles ranked second with “just over 14,000 employed,” according to the article. The study found “employers project 5.5% job growth in 2018.” Environmental Entrepreneurs spokesperson Micaela Preskill said in a release, “[w]ith further investment and smart state policy, clean jobs will continue [to] power Ohio’s economy into the next decade.” For more, read the full article, including a link to the full report.

LINK: https://businessjournaldaily.com/clean-energy-employs-3700-in-valley-report-finds/

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