Minnesota Ag Connection - Webinar Today: Conservation Economic Impact, Cost Effectiveness

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Webinar Today: Conservation Economic Impact, Cost Effectiveness
Minnesota Ag Connection - 05/27/2020

Join the Minnesota Department of Commerce May 27 from 2 to 3 p.m. to learn about how the investments made in 2013-2018 by the Conservation Improvement Program (CIP) benefit the state economy by creating jobs, increasing the labor force, and increasing economic activity.

In this CARD-funded webinar, Amalia Hicks and Cynthia Kan from Cadmus will provide an overview of the study findings:

- Impacts accrued from direct CIP investments in 2013-2018, persisting energy savings through 2042, and benefits from reduction of harmful emissions.

- Net impacts on employment, labor force, economic activity, and disposable personal income for the overall portfolio and a comparison of impacts along these characteristics:

o Utility type (investor-owned, municipal, cooperative)

o CIP program fuel type (gas and electric)

o Income qualification (Low-income and standard programs)

- Sectors experiencing the largest changes in employment

- Changes in consumer purchasing power over time

- Cost-effectiveness according to the standard tests used to evaluate CIP with enhancements that include the economic impacts generated by CIP

- Discussion of potential rate impacts from CIP

Results from this study will inform ongoing and future CIP planning and development.

Please note: The webinar will be conducted with all presenters and technical staff working remotely. The organizers don't anticipate any glitches but appreciates your patience and understanding if it takes a little longer to start or if the webinar is a little less smooth than usual.

Register at https://bit.ly/3c9J17s.

For more information contact Mary Sue Lobenstein (marysue.lobenstein@state.mn.us), R&D Program Administrator at the Department of Commerce, Division of Energy Resources

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