Creating New Jobs in a Low-Carbon Economy

President-Elect Barack Obama believes that government investments in green energy – from wind turbines to electrical grids – will revive the economy and create millions of jobs.

Proponents of green energy claim major investments in new-energy technology will pay off in the future despite the current lowered prices of oil and gasoline. One report released in September by the Center for American Progress (CAP) claimed that “$100 billion invested in green infrastructure over the next two years may result in two million jobs in six areas: 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. “

So how do you pay for this investment? CAP suggests lawmakers can repay Treasury through cap-and-trade auction revenue.Of course, this assumes implementation of a cap-and-trade program.

This entry was posted on Wednesday, December 3rd, 2008 at 10:15 am and is filed under Environment, Global Warming, efficiency, energy conservation, green, green building. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.