New Report: Green Investment Will Yield Two Million New Jobs in Two Years
Source: Natural Resources Defense Council

As America confronts the current energy crisis, a new report released today by the Natural Resources Defense Council (NRDC) and partner labor and environmental groups shows that the U.S. can create two million jobs by investing in clean energy technologies that will strengthen the economy and fight global warming. The report finds that investing in clean energy would create four times as many jobs as spending the same amount of money within the oil industry.
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Green Recovery – A Program to Create Good Jobs and Start Building a Low-Carbon Economy” analyzes the potential for a two year $100 billion green investment program – which would be comparable to the size of the April 2008 federal stimulus package dedicated to consumer rebates – to be an engine for job creation in the U.S. This type of investment is a component of a broader clean energy strategy to create a low-carbon economy and reduce global warming pollutions.

The program could be paid for with proceeds from auctions of carbon permits under a global warming cap-and-trade program that will drive private investments into clean energy and raise public revenue through carbon permit auctions. A cap-and-trade program will enable America to reduce global warming pollution to the levels science indicates are needed to avoid the worst effects of global warming.

+ Full Report (PDF; 5.3 MB)
+ Individual state fact sheets (34)

This entry was posted on Friday, September 12th, 2008 at 9:24 am and is filed under Business and economics, Energy, Environment, Labor. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.