Economic and Environmental Impact of Governor Shapiro’s “30 x 30” Alternative Energy Pledge

Posted by Reports on Feb 1, 2024 9:30:00 AM

Publish Date: February 1, 2024

Pennsylvania’s Alternative Energy Portfolio Standards (AEPS) require electricity suppliers to include specified percentages of renewable energy and several alternative energy production technologies in their supply mix, creating a market mechanism to increase demand for those energy resources—but the law’s requirements plateaued in 2021.

A new report written by Gabel Associates and released by Advanced Energy United, MAREC Action, and the American Clean Power Association found that more than $13.1 billion could be invested in Pennsylvania over the next seven years and 129,000 jobs could be created if policymakers increase the AEPS to require 30% renewable generation by 2030. 

Our report shows that even accounting for ratepayer impacts, Pennsylvania would still realize net economic benefits of $8.3 billion from 2024 to 2035. The AEPS increase is an opportunity to shift towards clean energy, not just as a commitment to sustainability, but also as a strategic move towards economic prosperity and job creation. 

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Topics: State Policy, Pennsylvania