Americans in every state are wondering “What the economy will look like after the COVID-19 pandemic has subsided?” As our policymakers concentrate on relief measures and companies look for ways to weather the storm and contribute to solutions, the BCSE coalition has been thinking about how to put America back on the path of prosperity, and to “build back better” critical infrastructure such as the electricity system.
In that light, our perspective on the 2020 Minnesota Energy Factsheet changed as we put it together over the past month.
The Minnesota Factsheet looks back at changes in 2019, as well as a longer view over the Clean Energy Decade (2010 – 2019). The Factsheet digs into how the Minnesota energy economy evolved in the transition to clean energy and the strong economic benefits and results for customers and businesses.
As the country experiences a period of significant change and we come together to support communities and the economy, we look even more to Minnesota’s transition as a roadmap for success in other states.
More than ever, we are thinking about jobs:
- In 2018, 61,000+ Minnesotans worked in clean energy
- Clean energy jobs grew 2.5x faster than overall job growth
- 72.3 percent of Minnesota’s clean energy businesses employed fewer than 20 individuals.
Clean energy jobs don’t just deliver paychecks – they deliver results for all Minnesotans. Some highlights of their achievements from the Minnesota Energy Factsheet:
- Renewables account for 84 percent of all new electricity generation capacity added since 2010, totaling 3.4 gigawatts.
- Emissions have fallen 37 percent since 2005 and 27 percent since 2010. from 2018 to 2019 alone, emissions fell nearly 14 percent.
- Over the last decade, Minnesota has by 22 percent as power consumption is up 2 percent while state GDP is up 24 percent.
- Between 2018 and 2019, unsubsidized utility-scale wind and subsidized utility-scale solar both experienced a 2.5 percent decline in price.
- From 2015 to 2019 annual sales of battery electric vehicles are up 8x to 2,600 units. annual plug-in hybrid electric vehicle sales rose nearly 3x to 1,200 units.
- The American Council for an Energy-Efficient Economy ranked Minnesota 8th out of all 50 states for its overall energy efficiency programs (the highest ranking in the Midwest).
The Factsheet is produced by BloombergNEF for the Business Council for Sustainable Energy and released in partnership with Clean Energy Economy Minnesota, as a resource to policymakers, journalists, industry, and the interested public. It is a companion to the national 2020 Sustainable Energy in America Factbook.
The Factsheet is available to download for free here: bit.ly/2020MNFactsheet
This blog post is taken from Lisa Jacobson's LinkedIn article.