Hot off the press! A new report released today from the independent consulting firm Analysis Group finds that Massachusetts’ landmark energy legislation the Green Communities Act (GCA) creates $1.2 billion in net economic benefits and more than 16,000 jobs for Massachusetts as a result of its first six years of implementation. The report, which was featured in today’s Boston Globe, tracks the economic impacts of the GCA in its first six years, examining programs launched between 2010 and 2015 and their ongoing effects through 2025. The results are measured against analternative scenario that assumes these GCA programs had not been implemented.
NECEC President Peter Rothstein was quoted in the press release announcing the report today.
“As the region’s largest clean energy business organization, we have seen firsthand the significant economic growth that has been created by the programs and investments of the Green Communities Act,” he said. “Today’s report proves that forward-thinking clean energy policies can help expand access to clean and renewable energy, while driving sustainable economic growth.”
Programs implemented in the first six years of the GCA alone lead to significant increases in renewable power production in Massachusetts (by 57 percent in total during the modeling period 2010-2025), and reduce regional power production from fossil fuels
by nearly 69 TWh in that time, resulting in considerable reducti
ons in greenhouse gas emissions.