The W.E. Upjohn Institute for Employment Research is a nonpartisan, independent research organization, founded in 1945 to study policy-related employment issues and to implement workforce solutions. Based in Kalamazoo, Michigan. https://www.upjohn.org/
Upjohn Institute
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The report finds stronger returns for EV and battery manufacturing projects than for other clean energy project types.
Why? EV and battery projects tend to create more direct jobs, while some other projects receive large incentives but create fewer jobs.
The report also finds that returns improve when incentives:
- Keep costs reasonable
- Target distressed places
- Support local supply chains
- Emphasize job training and infrastructure
- Accommodate growth with housing
- Include strong clawbacks
Key finding: 35 of the 50 projects are projected to generate benefits that exceed costs.
The median clean energy project has a benefit-cost ratio of 1.47, meaning estimated income gains are 47% greater than taxpayer costs.
New Upjohn Institute research finds incentives for most large-scale clean energy projects are expected to generate positive economic returns for state residents.
But whether residents benefit — and by how much — depends heavily on how deals are designed. Read more: buff.ly/jOUuSl1
#econsky,
