Public investment in clean energy has proven to be a significant economic force, especially in those states with dedicated clean energy funds, says a new study released this week by the Brookings Institution.
” … CEFs, which exist in more than 20 states, generate about $500 million annually, making them strategic investors with significant potential,” according to one of the report’s authors, Mark Munro, senior fellow and policy director at Brookings’ Metropolitan Policy Program.
In the last 10 years, these funds have “invested $2.7 billion to support renewable energy markets and leveraged an additional $9.7 billion from other sources,” Brookings says.
Anyway you cut it, the report shows that public support for clean energy projects is a smart investment.
Brookings report: Leveraging State Clean Energy Funds for Econmomic Development