Other assessments of energy efficiency programs show large direct savings to consumers and growth in energy service jobs. By looking at the broader, macroeconomic impacts of those savings, Acadia Center’s modeling study shows that the energy savings generated by efficiency programs frees up money for new spending (in the residential sector) and promotes increased competitiveness and output among businesses and industry. This translates into significant economic growth and job creation potential.

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    Following the Trump Administration’s withdrawal from the Paris Agreement, cities, states and regions will increasingly need to lead on climate. The nine states participating in the Regional Greenhouse Gas Initiative (RGGI) have demonstrated a will to forge ahead in the absence of federal action in the past, and their leadership will make a substantial impact on the global fight against climate change; together, these states have a GDP of $2.8 trillion, representing the world’s 6th largest economy. Fortunately, the list of states taking action on climate is growing.

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    States throughout the Northeast are considering how to transition from an energy grid that delivers power one-way, from fossil fuel power generators to customers, to a modern, dynamic, and flexible energy system that is centered around our homes and businesses. Massachusetts utilities have presented plans for updating the electric grid in their Grid Modernization Plans, which are currently under consideration at the Commonwealth’s Department of Public Utilities. Rhode Island’s Power Sector Transformation Initiative is currently seeking feedback on Distribution System Planning for a modern grid. In response to New York’s Reforming the Energy Vision, the state’s electric utilities have developed Distribution System Implementation Plans. Acadia Center has analyzed and summarized the New York experience here.

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    Massachusetts legislators are working to pass the nation's first carbon pricing legislation, a step that would help cement the state's reputation as a leader on smart climate action. Similar efforts are underway throughout the region, as carbon pricing legislation has also been introduced in Connecticut, New York, Rhode Island, and Vermont. With the economic heft of this region, carbon pricing legislation would constitute a substantial step towards a low-carbon future.

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