Green Jobs
A report from the Center for American Progress concludes that a $100 billion federal investment in clean energy technologies over 2009 and 2010 would yield 2 million new U.S. jobs, cutting the unemployment rate by 1.3% and put the nation on a path toward a low-carbon economy. The report, prepared by the Political Economy Research Institute at the University of Massachusetts, proposes $50 billion in tax credits for energy efficiency retrofits and renewable energy systems; $46 billion in direct government spending for public building retrofits, mass transit, freight rail, smart electrical grid systems, and renewable energy systems; and $4 billion for federal loan guarantees to help finance building retrofits and renewable energy projects. The Center believes that clean energy investments would yield about 300,000 more jobs than if the same funds were distributed among U.S. taxpayers. The clean energy investments would also have the added benefits of lower home energy bills and reduced prices for non-renewable energy sources, due to the reduced consumption of those energy sources.
Read more about this topic: Center For American Progress
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