“Today’s RTI study shows what we have seen in community after community in North Carolina – clean energy growth is a major economic driver for our state. It’s one of the few industries that has impacted all parts of our state – rural, suburban, and urban. It’s good to see so many conservative leaders talking more and more about the need for increased clean energy access for our citizens. Let’s keep North Carolina’s clean energy economy moving forward!”
– Mark Fleming, President & CEO of Conservatives for Clean Energy
RTI International’s most recent report — focusing on the economic impact of renewable energy development and energy efficiency in North Carolina — makes clear that the clean energy industry is a catalyst for economic success and a massive job-creator for our state. The authors conclude that comprehensive energy policy is a sensible path to continued clean energy development and investment. The key findings offer a glimpse of why this is so:
- The total economic impact in North Carolina from clean energy project development (2007 to 2016) is $17.9 billion.
- Approximately $9 billion was invested in clean energy development in North Carolina between 2007 and 2016. Clean energy investments were nearly 15 times larger than the state incentives offered to encourage its development.
- Clean energy development supported 113,998 annual full-time equivalents (FTEs), equivalent to one person working full time for a year, from 2007 to 2016.
- Renewable energy project investment in 2016 was $2.2 billion, or 127 times the $17.6 million of investment observed in 2007.