Client: Connecticut Roundtable on Climate and Jobs (CRCJ)
Author: Chirag T. Lala, Joshua R. Castigliego
October 2023
On behalf of the Connecticut Roundtable on Climate and Jobs (CRCJ), Researchers Chirag Lala and Joshua Castigliego prepared a policy brief that assesses the economic impacts associated with installing and operating 2,000 megawatts (MW) of offshore wind resources in Connecticut to meet the State’s 2030 target. The benefits of wind procurement need not flow to Connecticut’s economy if neighboring states undertake industrial development efforts and Connecticut does not. AEC’s analysis finds that a concerted policy effort to develop Connecticut’s offshore wind industry would allow the addition of these offshore wind resources to create a total of 39,880 in-state job-years (i.e., one job-year is the equivalent of one person working full-time for one year) between 2024 and 2049 as well as an estimated $5,529 million in state economic output and $4,190 million in labor income