$100 billion “Green Recovery” investment in clean energy outlined by UMass team; will create 2 million jobs, 4 times more payback than oil investment, say authors

A $100 billion investment in infrastructure to launch a “comprehensive clean energy transformation” for the United States is the subject of an ambitious set of proposals, titled “Green Recovery”, authored by Dr. Robert Pollin and a UMass team of researchers, and released by the Center for American Progress.

The report, here, proposes a series of measures that will provide, according to the authors, a four times better return on investment than the oil industry and create 2 million jobs. The program includes measures for:  Retrofitting buildings to increase energy efficiency; expanding mass transit and freight rail; constructing “smart” electrical grid transmission systems; wind power; solar power; and advanced biofuels.

The authors conclude that the proposed program would reduce the cost of imports from 22 percent of household expenses to about nine.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Pew Charitable Trusts reports 770,000 green jobs in ‘07, growing nearly three times as fast as mainstream job sectors

In Washington, the Pew Charitable Trusts released its Clean Energy Economy report, the first state-by-state survey of green-collar jobs. Pew found that green-collar job hiring increased 9 percent betw...

Calvert, KBC fund managers say White House focus on cleantech could benefit investors as soon as 2010

In Maryland, the principals of Calvert Investment and KBC Asset Management said that the possibility of federal carbon regulation and a resulting carbon price, a White House focus on major investments...

Apollo Alliance proposes New Apollo program for green energy, jobs, technology

[caption id="attachment_8161" align="alignright" width="290" caption="Senator Debbie Stabenow (D-MI) will introduce landmark clean energy bill"][/caption]In California, the Apollo Alliance of business...

Jamaica Broilers sees 4-year payback on ethanol investment

In Jamaica, the Jamaica Broilers Group announced that it recorded a $5 million profit, or 25 percent payback on the initial $20 million investment. The group opened its sugarcane ethanol processing fa...

$26.4 billion US Energy department budget proposed; free download of dox

In Washington, US Energy Secretary Steven Chu outlined the $26.4 billion fiscal year 2010 budget for the department. Chu said the budget cuts back on programs that are no longer needed, while making i...

Obama details $150 billion clean energy investments, cap-and-trade revenues: free download of budget plan

In Washington, President Obama released an outline of his proposed 2010 budget, including an outlined 10-year, $150 billion investment in clean energy, funded by the sale of greenhouse gas emissions c...