The portfolio standard was enacted when I was secretary of the Department of Environmental Protection. It created investment, generated jobs, and gave a boost to local economies, all when helping to protect the environment.

Katie McGinty’s quote refers to the portfolio standard, a policy that was enacted during her tenure as secretary of the Department of Environmental Protection. The portfolio standard requires utilities to generate a certain percentage of energy from renewable sources such as wind, solar, or bioenergy. McGinty explains that this standard not only helped protect the environment but also had positive economic effects, as it led to investment, job creation, and a boost to local economies. The policy aimed to balance environmental goals with economic growth, creating opportunities for both sustainability and employment.

McGinty’s mention of investment suggests that the portfolio standard attracted financial resources toward the renewable energy sector, which in turn spurred technological advancements and infrastructure development. The quote highlights the multifaceted benefits of this policy, showing that environmental protection and economic prosperity can go hand in hand. By incentivizing clean energy production, the standard encouraged industries and companies to invest in green technologies and build a more sustainable future.

The creation of jobs is another important point McGinty emphasizes. The renewable energy sector often requires a skilled workforce to manage and maintain energy systems, offering both direct and indirect employment opportunities. This aligns with the broader goal of creating green jobs that contribute to both the economy and environmental sustainability.

Ultimately, McGinty’s statement reflects her belief in the synergy between environmental protection and economic growth. The portfolio standard served as a model of how public policy can generate positive outcomes for both the planet and society, showing that sustainable practices can also lead to tangible economic benefits for communities.