in News Departments > FYI
print the content item

The report "Energy for Colorado's Economy" has been released by the Environment Colorado Research and Policy Center. The report shows Colorado would experience increased economic and environmental benefits if the state were to double its use of renewable energy, such as wind power and solar power, to 20% by 2020. The report compares the economic and environmental benefits of three alternative polices on electricity production, including "business-as-usual" with fossil fuel production; Amendment 37, which set Colorado's current 10% renewable energy standard; and a 20% goal being considered by the Colorado state legislature.

"This report shows we can fulfill the Colorado Promise," says Gov. Bill Ritter, D-Colo. "By doubling our use of renewable energy to 20 percent, Colorado's gross domestic product will increase by $1.9 billion."

According to the report, the economic benefits would come from increased manufacturing, installation and operation of renewable electricity production. Job creation was 4.3 times higher, wages paid was 2.2 times higher and an increase in gross domestic product was 1.9 times higher for a 20% renewable energy standard than under Amendment 37, the report found.

"Increasing our use of renewable energy would bring over 4,000 high-paying, high-skilled jobs and over $570 million in wages paid to our state," says Ritter.

Furthermore, the report shows that a 20% renewable energy goal would result in significant reductions of soot, smog and mercury pollution.

"We could avoid over 41 million metric tons of global warming pollution by using more clean energy," says Will Coyne, program director for Environment Colorado.

To view the entire report, visit www.environmentcolorado.org/envco.asp?id2=30943&id3=DO&

IowaDeptEconDevel_id1863

Helukabel_id1908
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

JLG_id1900
WomenofWind_id
UEA_id1896
Acciona_id1907
bonfiglioli_id1913
AWEA_id1886