The Economic Impact of Distributed Solar in the APS Service Territory, 2016-2035

An Arizona-specific REMI regional forecasting model was used to analyze the economic impact of three distributed solar deployment scenarios for the study period 2016-2035 by the Seidman Research Institute and Arizona State University’s W.P. Carey School of Business. From a financial perspective, this study found that all three solar deployment scenarios result in a detrimental effect on the state and the Maricopa County economies, potential job loss of up to approximately 117,000, and electricity consumers paying more for the same amount of electricity used because of distributed generation and central station generation.

Arizona State University – The Economic Impact of Distributed Solar in the APS Service Territory, 2016-2035 [full PDF]

Minnesota Climate Strategies and Economic Opportunities

The Minnesota Climate Strategies and Economic Opportunities project was convened through a Memorandum of Understanding between the Center for Climate Strategies, the Minnesota Department of Commerce, and the Minnesota Pollution Control Agency, with coordination from the Minnesota Environmental Quality Board. The project was intended to improve the state’s energy, economic, and environmental conditions and awareness across all sectors; expand the knowledge, planning, and implementing capacities of its agencies; and contribute to attainment and enhancement of state and federal goals. REMI PI+ modeled how close the project was to its goals of reducing greenhouse gas emissions to state goals and federal guidelines; expanding the macroeconomic output of jobs, income, and growth; and improving energy and resource efficiency and sustainability.

164-CCS-MN-Climate-Strategies

Reducing Greenhouse Gas Emissions from Transportation: Opportunities in the Northeast and Mid-Atlantic

Calculations of costs and savings to businesses and consumers plus changes in government expenditures were modeled using the REMI Policy Insight model. The analysis determined that existing federal and state policies will reduce greenhouse gas emissions by around 29%, but scientists believe that a reduction of closer to 31-40% by 2030 will be necessary to meet their long-term environmental goals. Another emissions-based policy may be required to achieve acceptable atmospheric levels.

Cambridge Systematics – Reducing Greenhouse Gas Emissions [full PDF]

The Impact of Exelon’s Nuclear Fleet on the Illinois Economy

The Nuclear Energy Institute maximized on the REMI PI+ model by using the model to analyze economic and expenditure data. This collection of data was provided by the involved nuclear plants in order to develop estimates of their economic benefits. The total economic impact to the state of Exelon’s multiple reactors was estimated to be $8.9 billion in output and it facilitates nearly 28,000 jobs. These employees also influence the regional economy by way of consumption. Illinois’s retail electricity rates end up being 20% lower than the United States average thanks to this large-scale nuclear site.

Nuclear Energy Institute – Exelon Nuclear Fleet [full PDF]

Economic & Fiscal Impacts of Selected PlaNYC Policies

This economic assessment was prepared for the New York City Office of Long-Term Planning and Sustainability assessing their creation, PlaNYC. PlaNYC was an agenda to “build a greener, greater New York” and one of the main objectives of this agenda was to reduce greenhouse gas emissions by 30 percent below 2005 levels by the year 2030 (the 30×30 goal). For this study, analysts examined five energy policies that required or induced investments by commercial businesses and/or households. A refined version of REMI’s Policy Insight model was used to find that PlaNYC’s 30×30 goal would result in nearly 4,400 new jobs, $760 million in personal income growth, and an additional $750 million in gross regional product and an increase of $38 million in tax revenue for New York City, specifically.

AECOM – PlaNYC Policies [full PDF]