Commentary

Robert Miller: Climate economy is an important opportunity

Editor’s note: This commentary is by Robert Miller, of Shelburne, who is CEO of VSECU and a former commissioner of the Vermont Department of Economic Development. He serves on the boards of the Vermont Council on Rural Development, Capstone Community Action and the Energy Action Network. He is on the advisory board of UVM’s Grossman School of Business Sustainable Innovation MBA program, and is a member of the Global Alliance for Banking on Values and the Community Development Institutions Advisory Council of the Boston Federal Reserve Bank.

Despite growing uncertainty about our national climate policy, we can be proud that the Green Mountain State is widely recognized as a leader in green initiatives. Across the state, there is a shared commitment to environmental protection and carbon reduction. It goes without saying that Vermonters would buck any effort to shy away from our environmental responsibilities, but what’s truly unique about our great state is how we’re going about it: by tackling multi-generational and global climate challenges to create opportunity and prosperity and grow our economy.

In fact, the Union of Concerned Scientists recently ranked Vermont second in the nation as a clean energy winner in their Clean Energy Momentum: Ranking State Progress. The biggest reason behind that ranking? Jobs. Vermont leads the nation for its percentage of employees engaged in clean energy jobs. One in every 16 workers in Vermont, or approximately 10,000 of our friends and neighbors, are employed in the clean energy sector at least part time. The number has grown 29 percent in the last four years — just one indicator that clean energy initiatives are good for our economy and job creation, in addition to being good for our planet.

Clean energy benefits us economically in other ways as well. Business leaders, policy makers and others in our state are taking strides to increase availability of renewable sources of energy right here in our state. According to the U.S. Energy Information Administration, from 2011 to 2016, “Vermont installed 59.2 megawatts of commercial-scale solar photovoltaic capacity,” with almost half — 26.8 megawatts — in 2016 alone. These are the solar panels you may see on buildings, as standalone systems, or as field arrays.

VSECU is an enthusiastic sponsor because this summit is all about bringing us together to empower possibilities for greater social, financial and environmental prosperity.

 

All kinds of businesses, from start-ups to large, established entities, are promoting innovative ideas to grow our climate economy while putting clean energy in reach of more Vermonters. Our organization — VSECU, a member-owned cooperative and not-for-profit credit union — is one of them. We offer low-interest loans for all sorts of projects that increase efficiency and reduce energy use under a program called “VGreen.”

When Vermonters have the knowledge and tools to make their homes more efficient, they’ll need less energy, which will save them money. VGreen also offers lower rates to borrowers purchasing electric vehicles. Pair this effort with local power company initiatives, like public quick-charging stations, and it’s no wonder that Vermont gets top scores for our adoption of electric vehicles. We even help members finance the purchase of traditional and power-assisted bikes. If it’s energy efficient, we offer financing for it.

Next month, I will join other Vermonters in welcoming leading innovators from across the country for “Catalysts of the Climate Economy (cc:econ),” a three-day national innovation summit at the University of Vermont that brings together entrepreneurs, investors and thought leaders who are actively engaged in solving the challenges our planet faces due to climate change. I am proud to be among participants who know that attending to our generation’s responsibility for the environment can result in economic benefits for everyone.

VSECU is an enthusiastic sponsor because this summit is all about bringing us together to empower possibilities for greater social, financial and environmental prosperity. We will hear from national and local leaders sharing their experience and their ideas for leveraging the climate economy; we will hear pitches from energy entrepreneurs and learn about the latest clean energy advancements; and we will explore and tour some of the great places in Vermont where energy innovation is happening. I encourage anyone who has an interest in these topics to learn more and consider attending.

It is fitting that cc:econ is produced by the Vermont Council on Rural Development (VCRD), an organization that brings Vermonters together across political lines and organizational boundaries to create a better future for our state. I’m certain that the spirit evident in the success of VCRD’s work will be contagious enough to spread throughout the attendees of this national summit. Climate change is a real and serious issue globally. I’m proud to live in a place where we are meeting this challenge head-on by applying the ingenuity and skill we are known for and growing our economy in the process.

To find out more about the conference, visit https://www.ccecon17.com.

If you read us, please support us.

Comment Policy

VTDigger.org requires that all commenters identify themselves by their authentic first and last names. Initials, pseudonyms or screen names are not permissible.

No personal harrassment, abuse, or hate speech is permitted. Comments should be 1000 characters or fewer.

We moderate every comment. Please go to our FAQ for the full policy.

Commentary

Recent Stories

Thanks for reporting an error with the story, "Robert Miller: Climate economy is an important opportunity"
  • I’m proud to live in a place where we are meeting this challenge head-on by applying the ingenuity and skill we are known for and growing our economy in the process. Growing our economy? Seriously?

  • JohnGreenberg

    Global warming is not a partisan issue.

  • Michael Olcott

    well i would list the reasons why that would be a waste of resources but doing so would probably get the place condemned,and i am only partially joking. i thought about weatherization a few years ago and came to that conclusion.( i have some building trades knowledge/skill ) my main point was the second half of the first post; for people in my shoes we have all we can do to stay afloat and yet it seems the genius’s ( /s) in the capital and queen cities keep adding more obstacles ( taxes,fees,regulations,and laws) that complicate our lives year after year.

  • Matt Young

    Who pays for free insulation?

    • JohnGreenberg

      Ultimately, ratepayers pay for it in lieu of paying for fossil-fuel generated electricity. Over time, it savers them money.

      • Matt Young

        I think most people are quite capable of spending their own money. If you are more confident in the government doing it for you, by all means send the check.

  • JohnGreenberg

    IF every Vermonter dropped dead tomorrow, it wouldn’t make a measurable difference in the population of the planet, but I, for one, would care a great deal.

    • Matt Young

      And IF every Vermonter dropped dead tomorrow, Vermonters effect in climate change would be the same as today, not measurable. But if liberals come up with another tax/redistribution scheme, the effects would be quite harmful and widespread.

  • JohnGreenberg

    I didn’t say anything even close to that.

    The National Academy of Sciences doesn’t believe it’s a myth, and neither do I: ““CO2 has risen by 40% in just the past 200
    years, contributing to human alteration of the planet’s energy budget that has
    so far warmed Earth by about 0.8 °C (1.4 °F). If the rise in CO2 continues
    unchecked, warming of the same magnitude as the increase out of the ice age can
    be expected by the end of this century or soon after. This speed of warming is
    more than ten times that at the end of an ice age, the fastest known natural
    sustained change on a global scale.”
    http://dels.nas.edu/resources/static-assets/exec-office-other/climate-change-full.pdf, p. 9

    • Peter Chick

      Simply not true. Believe if you want.