Clean Energy Economy

By | July 29, 2008

Clean Energy Economy

Thousands of new companies, millions of new jobs, and billions in revenue generated by solutions to the climate crisis — this is the clean energy economy we can adopt with today’s technologies, resources, know-how, and leadership from our elected officials. Although our reliance on fossil fuels has created global warming, we now have the opportunity and obligation to begin a transformation towards a robust clean energy economy — one that is supported by highly efficient industries, fueled by clean, renewable resources (like wind, solar and geothermal energy), and based on modern infrastructure and smart transportation planning.

A clean energy economy is a win for American jobs. A recent report showed that investment in a clean and efficient economy would “lead to over 3 million new green-collar jobs, stimulate $1.4 trillion in new GDP, add billions in personal income and retail sales, produce $284 billion in net energy savings, all while generating sufficient returns to the U.S. treasury to pay for itself over ten years.”

Studies by leading research institutions have shown that if we invest in clean energy over fossil fuels, we will create more American jobs. A report released by the United Steelworkers and the Sierra Club, for example, found that thanks to the growth of wind energy, approximately 5,200 manufacturing jobs could be created in Iowa alone over the next decade. Additional studies have found that thousands more jobs could be created in other states that have suffered industry job losses and that welcome the opportunity to train workers for the new energy economy.

Even without strong U.S. leadership, clean energy is catching on around the world. Global investment in renewable energy climbed 25% in 2006 (from $80 billion to $100 billion). Three clean-energy industries—biofuels, wind, and solar photovoltaics—each surpassed $20 billion in revenue in 2007. Just last year, clean energy received $2.7 billion in US venture capital investment. –

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