New Jersey’s Clean Energy Transition Could Generate $34.1 Billion in Statewide Economic Activity, Nearly 300,000 Job-Years by 2050
TRENTON — New Jersey stands to gain an average of $1.3 billion in economic activity and 11,000 well-paying jobs annually if the state accelerates efforts to transition to 100% clean energy, fully electrifies its transportation and building infrastructure, and ensures meaningful job standards are in place by 2050, according to studies released today by the Applied Economic Clinic (AEC).
These projections are not guaranteed. The first of AEC’s two companion reports, Economic Impacts of a Clean Energy Transition in New Jersey, examines the difference between a “business as usual” scenario in which existing state policies remain status quo versus a complete clean energy transition that New Jersey advocates aspire to achieve by 2050….
New Jersey’s Clean Energy Transition Could Generate $34.1 Billion in Statewide Economic Activity, Nearly 300,000 Job-Years by 2050
