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For Immediate Release:
2/21/2002
For More Information:
Rebecca Stanfield
(312) 291-0696, ext. 213

Illinois' Economy Could Profit from Renewable Energy

Boosting Clean, Homegrown Energy Would Generate $3.5 billion in Local Investments

Download the full report.

As the new home of Illinois PIRG's environmental work, Environment Illinois can be contacted with any questions regarding this news release.   

Illinois could reap $3.5 billion in new investment and generate 26% of total electricity production from renewable energy such as solar and wind, according to an analysis released by the Illinois PIRG Education Fund, Union of Concerned Scientists, and the Environmental Law & Policy Center today. Illinois consumers would also save $3.6 billion in lower energy bills from a proposed national standard increasing the use of renewable energy to 20 percent of the US energy supply by 2020, along with energy efficiency improvements.

"Renewable energy can be a terrific boon to the economy of Illinois," said Faith Bugel, Staff Attorney for the Environmental Law & Policy Center. "Illinois farmers could earn $8 million from lease payments just for wind energy development rights. And Illinois has additional potential for developing renewable energy from solar and clean bioenergy sources: clean energy can be the new cash crop for farmers."

Illinois currently generates less than one percent of its power from renewable energy, but the state has the technical potential to generate all its current electricity needs from renewable energy, enough to power 15 million homes, according to Illinois PIRG Education Fund's new report, Generating Solutions: How States Are Putting Renewable Energy Into Action. The new Illinois PIRG Education Fund and UCS reports show that a national standard increasing the use of renewable energy power to 20 percent of the U.S. energy supply by 2020 would benefit both the economy and environment of Illinois.

"Illinois deserves a safe, clean, affordable and secure energy future, and we can begin that process with a renewable portfolio standard," said Brian Metcalf, Environmental Associate for the Illinois PIRG Education Fund. "The good news is that renewable energy is coming online here in Illinois. The bad news is that 99 percent of our electricity still comes from dirty fossil fuels and nuclear power."

The Illinois PIRG Education Fund report cited the commitment made by the City of Chicago and the 48 municipalities forming the Local Government Electric Power Alliance to purchase 20% of their electricity needs within 5 years as just one of the ways Illinois is moving forward with renewables.

"Illinois gets more energy from the sun and wind in a few years than all the known coal resources under it. From Chicago to Cairo, you can get your energy from sources that don't pollute, don't run out, are more secure, and keep spending local," said Mark Burger, Sales Manager for Spire Solar Chicago and President, Illinois Solar Energy Association. "Illinois has the choice between using clean energy and growing the businesses and jobs that provide it, or neglecting clean energy and seeing those jobs go elsewhere."

Moreover, deepening Illinois' use of renewable energy has the potential to fuel the creation of thousands of jobs in Illinois. The Illinois PIRG Education Fund report noted that investment in renewable energy and energy efficiency could create 31,000 jobs in Illinois by 2010 and 56,400 jobs by 2020. "We, as a union of over nineteen thousand members and eight hundred signatory contractors realize the meaningful potential of renewables, in both human and economic terms. Support for new technologies leads to a cleaner, healthier atmosphere and the production of worthwhile employment in the manufacturing and construction marketplace," said John Prendergast from the IBEW-NECA Technical Institute.

Last year's passage of the Illinois Resource Development and Energy Security Act set an explicit goal that least 5% of the state's energy production and use be derived from renewable forms of energy 2010 and at least 15% by 2020. However, it does not an implementation schedule, compliance verification, or credit trading provisions.

"Illinois has several homegrown examples of how renewable energy benefits the ratepayer and the environment. We urge Illinois gubernatorial candidates and the General Assembly to employ Illinois' technological know-how to replicate these successes across the state," said Metcalf. "We can create jobs and protect the environment by increasing the amount of electricity generated by clean renewable energy to 20 percent of our power by 2020."