The fact that the Energize Rhode Island Act will help to catalyze innovative jobs in a critical employment sector is the final important piece of this puzzle. A cleaner environment, reduced carbon emissions, offsetting credits for lower income earners, and a stronger, more innovative economy. This bill represents a classic “win-win” for Rhode Island."
Douglas Hall, PhD, Director of Economic and Fiscal Policy at The Economic Progress Institute
Regional Economic Models
Our economic projections are based off of a 2015 economic study by Regional Economic Models Inc. (REMI). REMI serves clients as diverse as Governor Raimondo's RhodeWorks program, US federal agencies, and AARP.
The REMI study predicts that carbon pricing will create over 1,000 RI jobs in the first two years and over 4,300 by 2040. In addition, population and Gross State Product will grow in the new, energized economy.