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
Tennessee local government leaders and residents can learn more about developing sustainable communities at a free workshop March 1 in Crossville.
The University of Tennessee Municipal Technical Advisory Service and the Tennessee Renewable Energy and Economic Development Council have partnered with the city of Crossville to develop a workshop on clean and renewable energy.
Local government sustainability coordinators from Knoxville, Oak Ridge, Chattanooga, Athens, Nashville and Franklin will talk about clean energy projects in their cities. University of Tennessee President Emeritus Dr. Joe Johnson will provide the keynote address.
Klaus Kleinfeld, chairman and CEO of aluminum giant Alcoa Inc., which has a major manufacturing operation in Blount County, was on CNBC today touting the company’s $7.5B deal with China Power Investment Corp.
Check out Klaus here.
The memorandum of understanding calls for joint efforts both inside and outside china, including development o “clean energy projects such as wind and solar and state-of-the-art aluminum smelting operations. Both parties will also work toward developing high-end aluminum industrial parks,” according to an Alcoa press release.
Clean energy is all the rage these days — and it should be. For decades politicians have been blathering about breaking our dependence on oil but doing little to actually make it happen.
As the BP mess in the Gulf proves, we need viable alternatives to oil-based energy.
To raise awareness of clean energy technologies and potential job opportunities, the Center for Workforce Education at Walters State Community College in Morristown is holding a seminar next week on switchgrass production and bioenergy.