Conference of Mayors Examines Economic Benefits of Green Economy

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Green jobs and investment in our clean energy economy will
help dig the United States out of the current financial crisis. Employment in the renewables sector could
more than double in the next 10 years, making it the fastest growing employment
arena, according to a new report by the U.S. Conference of Mayors.

The report called U.S.
Metro Economies: Current and Potential Jobs in the US Economy,
says that
there are roughly 750,000 jobs related to the green sector in the country
today. The report estimates this number will grow to 2,540,800 by 2018 and to
4.2 million jobs by 2038.

says economic advantages of the green economy include “the
macroeconomic benefits of investment in new technologies, greater productivity,
improvements in the U.S. balance of trade, and increased real disposable income across the nation.

“They also include the microeconomic benefits of lower costs
of doing business and reduced household energy expenditures. These advantages
are manifested in job growth, income growth, and of course, a cleaner

Last month’s report by the Political Economy Research
Institute illustrates that investing in clean energy would create four times as
many jobs as spending the same amount of money within the oil industry.

Recovery: A Program to Create Good Jobs and Start Building a Low-Carbon Economy

shows that the United States can create two million jobs nationwide by
investing in clean energy technologies that will create good paying jobs,
recharge America’s economy, solve the climate crisis, and help protect
America’s natural resources for our children’s future.


Published: October 14, 2008

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