A study released today suggests that a federal law backing green energy would help create jobs and fuel the economy.
Comprehensive clean energy and climate change legislation now before Congress could create thousands of jobs by 2020 and would increase average household incomes in the state, according to research announced today by CERES, the Clean Economy Network, and Environmental Entrepreneurs (E2).
According to the groups, “clean energy legislation would create 918,000 to 1.9 million new jobs nationally, and increase national GDP by $39 billion to $111 billion more than what would occur without the legislation.”
The research—a collaborative effort by the University of California, Yale University and the University of Illinois—looked at the impacts of the Clean Energy Jobs and American Power Act, which is being heard this week in the U.S. Senate’s Environment and Public Works Committee. The legislation calls for energy efficiency, renewable energy, and a cap-and-trade program for reducing carbon emissions.
The study noted that, “Energy efficiency provisions in the legislation will reduce the costs for transportation, heating, electricity, etc., saving households, farmers and ranchers, and businesses money—money they can spend on domestic goods and services and create jobs.”