Saturday, March 28, 2009

How to create 297,000 green jobs

A recent post on the NYT Green Inc. blog highlighted the job creation potential of a national renewable energy portfolio standard

“There were three times as many jobs produced in renewable energy than there would be if we followed a business as usual path and used more fossil fuel generation,” said Jeff Deyette, an analyst with the group’s clean energy program.


There are always winners and losers in the business world, and a shift towards conservation and efficiency while promoting, clean, abundant, reliable and cheap energy could mean some job cuts in highly polluting industries. Still, a report by the Union of Concerned Scientiest cites a net gain of 202,000 jobs in this sector alone.  But the cherry on top is new local revenues: $11.4 billion in potential tax revenues for localities and $13.5 billion in revenues to ranchers, farmers, and rural land owners.

Not to mention the millions of jobs that will be created in related industries and services. President Barack Obama supports a 25% renewable energy portfolion standard for the nation by 2025.

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