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Why Obama’s green jobs plan might work

Why Obama’s green jobs plan might work
Los Angeles Times Marla Dickerson 4 Jan 09

Some states — including Michigan — already see renewable energy as their future: It’s the only sector that appears to be making room for more employees despite the recession.

By Marla Dickerson
January 4, 2009 – “…………………….resident-elect Barack Obama wants to spend $150 billion over the next decade to promote energy from the sun, wind and other renewable sources as well as energy conservation. Plans include raising vehicle fuel-economy standards and subsidizing consumer purchases of plug-in hybrids. Obama wants to weatherize 1 million homes annually and upgrade the nation’s creaky electrical grid. His team has talked of providing tax credits and loan guarantees to clean-energy companies.

His goals: create 5 million new jobs repowering America over 10 years; assert U.S. leadership on global climate change; and wean the U.S. from its dependence on imported petroleum………………………..No one knows precisely how many green jobs exist in the U.S. economy. Estimates range from less than 1 million workers to nearly four times that. What’s clear is that clean industries have been growing rapidly without a lot of help from Uncle Sam. Worldwide, investors poured a record $117.2 billion into alternative energy in 2007, according to London research firm New Energy Finance. The costs of wind and solar power are dropping fast..

Why Obama’s green jobs plan might work – Los Angeles Times

Tags: renewab;\les

January 4, 2009 - Posted by Christina Macpherson | ENERGY