Published on March 20th, 2013 | by Zachary Shahan30
Over 3 Times More Green Jobs Per $1 Invested Than Fossil Fuel Or Nuclear Jobs
March 20th, 2013 by Zachary Shahan
Just as a quick reminder, if our national goal is to create jobs, investing in clean energy is several times more effective than investing in fossil fuel or nuclear jobs.
Robert Pollin, the President of Pear Energy and a professor of economics at the University of Massachusetts-Amherst, has studied this matter in depth with the Department of Energy and the International Labour Organization. As his Pear Energy team writes:
“The basic facts are simple. When we invest, say, $1 million in building the green economy, this creates about 17 jobs within the United States. By comparison, if we continue to spend as we do on fossil fuels and nuclear energy, you create only about 5 jobs per $1 million in spending. That is, we create about 12 more jobs for every $1 million in spending — 300 percent more jobs — every time we spend on building the green economy as opposed to maintaining our dependence on dirty and dangerous oil, coal, natural gas, and nuclear power.”
For a visual representation and numbers for a variety of more specific sectors, check out this infographic:
Drive an electric car? Complete one of our short surveys for our next electric car report.
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.