Cambridge Econometrics leading an economic impact assessment of clean energy pathways in Wisconsin

In a collaboration with GridLab, RENEW Wisconsin and Evolved Energy Research, Cambridge Econometrics is currently leading a statewide economic impact analysis of future clean energy (decarbonization) pathways for Wisconsin.

Cambridge Econometrics is specifically evaluating the investments in clean energy technologies (wind, solar, etc.) as well as dynamic energy price effects for 2050 scenarios to decarbonize:

  1. The energy sector
  2. The entire economy, including transportation and buildings

To support this work, Cambridge Econometrics is customizing and applying their E3-US economic impact and forecasting model to Wisconsin to go along with regional, sub-state analysis of effects on key industries and occupations.

E3-US is a leading tool to support decision makers at state and federal level assess the impact different policies will have on a state’s economy, society and the environment and that of the US as a whole.

Dan Hodge, Executive Vice President of Cambridge Econometrics says,

We’re thrilled to be working with GridLab, Evolved Energy Research and RENEW Wisconsin to estimate the economic impacts of clean energy pathways for Wisconsin. This project allows us to apply our E3-US model to understand state-level economic implications of clean energy and net zero scenarios, along with analysis of how these policies will affect regions, sectors and occupations within the economy.

The tool is specifically designed to provide deep and rigorous analysis of energy and climate policy.

E3-US represents the entire energy system in detail with 24 power generation technologies, state-level data on energy industry trends and all GHG emissions, and provides results in terms of GSP, jobs by industry, wages and other key metrics.

Learn more about E3-US here.

Dan Hodge Executive Vice President [email protected]