Thursday, September 11, 2008
$100 Billion Renewable Energy Plan Could Create 2 Million Jobs
A report from the Center For American Progress outlines a $100 billion renewable energy plan that would create 2 million jobs.
Green Recovery Report
This $100 billion initiative is part of a comprehensive low-carbon energy strategy and could be paid for with proceeds from auctions of carbon permits under a greenhouse gas cap-and-trade program. This fiscal expansion would create 2 million jobs by investing in six energy efficiency and renewable energy strategies:
-Retrofitting buildings to improve energy efficiency
-Expanding mass transit and freight rail
-Constructing “smart” electrical grid transmission systems
This economic recovery program combines the $100 billion fiscal stimulus with an additional credit stimulus—through a federal loan guarantee program to boost private-sector investment in energy efficiency and renewable energy.