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The Economic Benefits of Investing in Clean Energy

The Economic Benefits of Investing in Clean Energy

Full Title: The Economic Benefits of Investing in Clean Energy: How the economic stimulus program and new legislation can boost U.S. economic growth and employment
Author(s): R. Pollin, J. Heintz, H. Garrett-Peltier
Publisher(s):   Political Economy Research Institute (UMASS, Amherst), Center for American Progress
Publication Date: July 1, 2009
Full Text: Download Resource
Description (excerpt):

This paper examines these broader economic considerations—jobs, incomes, and economic growth—through the lens of two government initiatives this year by the Obama administration and Congress. The first is the set of clean-energy provisions incorporated within the American Recovery and Reinvestment Act, initiated by the Obama administration and passed into law by Congress in February. The second is the proposed American Clean Energy and Security Act, co-sponsored by Rep. Henry Waxman (D-CA) and Rep. Edward Markey (D-MA), which is now before Congress.

Our analysis in this paper shows that these two measures operating together can generate roughly $150 billion per year in new clean-energy investments in the United States over the next decade.

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