The Projected Economic Impact of Proposal 3 and Michigan's Renewable Energy Standard
September 21, 2012
If Proposal 3 passes, Michigan would likely have 10,540 fewer jobs in 2025, according to a new Mackinac Center-Beacon Hill Institute study. The act imposes an energy standard mandating that specific resources, including wind, solar and biomass power, be used to generate 10 percent of retail electricity sales in Michigan by 2015. The law also mandates that lower but escalating percentages of retail electricity sales derive from renewable sources in 2012, 2013 and 2014.