“Clean energy incentives can be a good investment for communities, but they are not guaranteed to pay off,” said Tim Bartik, senior researcher at the Upjohn Institute.
Read the executive summary: buff.ly/bYwpNdh
Read the full report: buff.ly/jOUuSl1
This report evaluates the benefits and costs of investment incentives for 50 large clean energy supply chain manufacturing and infrastructure projects. The findings suggest that these incentives…
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,
research.upjohn.org
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