Economic Recovery through Green Recovery
By Nick November 8, 2008
A fairly recent report was created titled “Green Recovery” which takes a fascinating look at how a government ran economic recovery plan would succeed if it revolved around the green energy niche. The report is the Center for American Progress (and again) and the entire PDF can also be downloaded there.
As a statistics freak, I love the article due to the in depth look at the possibilities available to our nation for implementing such a Green Recovery Plan which would greatly help 2 of the few things I’m passionate about: The environment and economy.
I’m not going to go into a deep examination of the plan or its potential benefits, but here are some key statistics:
- For every $1 million invested in Green energy jobs, 17 jobs are created
- For every $1 million diverted away from oil jobs to green jobs, there will be a net increase in jobs of 12
- Green Recovery is “domestic content” meaning that a majortiy (~90% I’d presume) of the money spent on recovery would stay in the US for construction, jobs, and manufacturing
- On the opposite side, government support of oil only keeps 20% of spending domestically
This report may give you the idea that we need to totally turn away from oil in favor of Green. That’s the right spirit, but we still need oil very badly (unfortunately), so it’s not practical. However, I think limiting all new incentives to green energy can make a substantial impact on our economy since it creates new jobs, and also on the environment.
In such tricky economic times with falling oil and a deficit increasing exponentially, the $100 billion price tag may seem like a lot to swallow for a new administration set on balancing the budget. Nonetheless, Green Recovery seems like it will surely play a part in Obama’s plans in the future, and I’m excited.
Topics: Government |
Leave a Reply
« Green Printing: Limit waste and petroleum | Home | New Mercedes BlueTEC engines: Diesel Engines Greening SUVs »
