Thursday, January 19, 2012
Clean Funding Means Jobs and Private Investment
Funding for clean energy stimulates jobs and private investment in addition to stopping pollution. Something to consider when the fossil fuel industry tells us we cannot have jobs and economic prosperity without their pollution.
Green energy represents not only a high-return investment for the federal government but a competitive world market in which America has arguably fallen behind despite years of continued growth in wind power and other sectors.
These investments also benefit the public by reducing emissions of air and water pollutants, preventing global warming, addressing environmental justice, and more, according to Professor Sanya Carley and graduate student Martin Hyman at Indianan State University.
The Council of Economic Advisors finds that $46 billion in Recovery Act funds will leverage more than $150 billion in clean energy financing by private investors.
A study conducted in 2011 by the BlueGreen Alliance and the Economic Policy Institute found that the stimulus created or saved 997,000 green jobs — including jobs in the energy sector — through the end of 2010.
Posted by Mike Misner at 12:52 PM