Arizona is rising as a countrywide leader in technological innovation and innovation, such as developing and adopting thoroughly clean and renewable strength alternatives for our highly developed economy.
Still, like other states all around the nation, Arizona has not been spared the economic consequences of COVID-19. Whilst indicators suggest our point out may well be faring improved than many others, substantial sectors of our overall economy have experienced monetary losses.
As we glance in advance to the state’s post-COVID economic recovery, the clear strength sector has the opportunity to perform a important job.
With that in mind, Arizona Technology Council and The Western Way partnered to convene a stakeholder system bringing alongside one another business enterprise leaders from throughout Arizona to make concepts and recommendations for ideal incorporating the thoroughly clean electricity and innovation sectors into the restoration program.
Now is the time to program for recovery
Even as the complete scope of the economic repercussions wrought by COVID-19 are currently being evaluated, we imagine now is the time to plan for a sturdy recovery that not only replaces careers that have been missing but also prioritizes technological know-how and innovation in a way that catapults Arizona’s financial system to new heights.
Our new report, “Innovation and Clean Electricity Business Recommendations for Economic Restoration: Policy Solutions from Arizona’s Enterprise Community,” offers policymakers a roadmap for incorporating the electricity innovation sector into the restoration strategy.
The report gives concrete policy recommendations and applications leveraging the strengths of Arizona’s innovation sector to profit the economic and environmental problem of the entire point out.
A key advice involves encouraging current market-driven adoption of vitality effectiveness measures and thoroughly clean and renewable power technologies.
A substantial percentage of the electricity we generate and take in is employed to function residences and firms. Despite the fact that systems exist to meet power requires with renewable sources, the charge of integrating them into new buildings and retrofitting current structures has been a barrier to extra widespread adoption.
To additional inspire and incentivize these types of use, the Legislature could take into consideration passing a law allowing community governments to present Assets Assessed Clear Electricity (Pace) funding to house owners and professional home homeowners.
Further recommendations include:
- investing in statewide electrical power infrastructure and pinpointing options for general public-private partnerships, and
- supporting insurance policies that encourage innovative production, such as funding plans that greatly enhance the expertise pipeline from Arizona’s local community higher education and state university programs into the cleanse electrical power and state-of-the-art production sectors.
It’s important for us to locate progressive methods to generate the electrical power we require for our economy to improve when curbing the influence of energy generation on our environment. The recommendations in our report tackle equally priorities.
We need smart policy to make this transpire
We know investing in the thoroughly clean power and innovation sectors is excellent for the state’s economic climate, and polling displays a substantial greater part of Arizonans aid such an investment decision.
We also know the clean strength sector and very low carbon emissions are important equipment for making certain Arizona has thoroughly clean air, a safe and sustainable drinking water source, and a healthier ecosystem – all crucial for our communities and financial system.
Arizona’s enterprise group is leading our state’s financial growth and establishing the systems we will need to thrive even as COVID-19 and local weather adjust existing special challenges we should address to guarantee Arizona’s financial outlook remains sturdy. We recognize how coverage concepts and possibilities for cleanse energy innovation, development and adoption can support push the state’s economic restoration.
On the other hand, we simply cannot do it alone.
Leveraging the management and innovation of the personal sector will involve the type of smart public policy and efficient general public-personal partnerships that our report outlines.
Alongside one another, we can guarantee that Arizona is positioned for a powerful financial recovery and, at the exact time, reveal countrywide management in driving clean electricity technological know-how and innovation while mitigating the impacts of changing local weather disorders.