in News Departments > New & Noteworthy
print the content item

A report released by the Sierra Club, Environment New Jersey, the New Jersey Work Environment Council and other labor and environmental groups shows that the U.S. can create two million jobs nationwide - more than 57,000 of them in New Jersey - by investing in clean energy technologies.

"Green Recovery - A Program to Create Good Jobs and Start Building a Low-Carbon Economy," written by the Political Economy Research Institute at the University of Massachusetts-Amherst under commission by the Center for American Progress, also shows that investing in clean energy would create four times as many jobs as spending the same amount of money on the oil industry.

The report analyzes the potential for a two-year, $100 billion green investment program to be an engine for job creation nationwide. The specific package studied would include investment in six green infrastructure priorities: retrofitting buildings to improve energy efficiency, expanding mass transit and freight rail, constructing smart electrical grid transmission systems, wind power, solar power and next-generation biofuels.

The report shows that the vast majority of the two million jobs gained from this initial investment in clean energy would be in the same areas of employment in which people already work today. For example, constructing wind farms creates jobs for sheet metal workers, machinists and truck drivers, among many others. Increasing the energy efficiency of buildings through retrofitting requires roofers, insulators and building inspectors. Expanding mass transit systems employs civil engineers, electricians and dispatchers.

The $100 billion of initial investments would fund the following:

- $50 billion for tax credits that would assist private businesses and homeowners to finance both commercial and residential building retrofits, as well as investments in renewable energy systems,

- $46 billion in direct government spending that would support public building retrofits, the expansion of mass transit, freight rail and smart electrical grid systems and new investments in renewable energy, and

- $4 billion for federal loan guarantees that would underwrite private credit that is extended to finance building retrofits and investments in renewable energy.

For more information, visit peri.umass.edu.

SOURCE: New Jersey Sierra Club



Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015