Going Off Fossil Fuels Would Boost Disposable Income And Create A Million Jobs

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The full article by Samantha Page was originally written for Think Progress

A new report has found that transitioning to a clean energy economy would be an economic boon to the United States, increasing employment, reducing costs to consumers, and benefiting investors.

The report, from NextGen Climate America, showed that investment in efficiency, renewable sources of electricity, and fuel switching — such as moving from fossil fuel-powered cars to electric vehicles — would add a million jobs by 2030, and roughly 2 million jobs by 2050, while increasing GDP by $290 billion and improving household income. The researchers looked at scenarios that would reduce emissions by 80 percent below 1990 levels.

“While addressing climate change is one of our greatest challenges, it is one of our greatest opportunities to build the economy,” Tom Steyer, co-founder of NextGen and billionaire climate activist (and a board member of the Center for American Progress), said on a call with reporters Monday.

The construction industry, in particular, could see a huge bump in jobs — to the tune of 1.2 million more in 2050 than under the business-as-usual scenario. That’s because it will take a lot of people to build the wind farms, install the solar panels, and retrofit the buildings needed to reduce America’s dependence on fossil fuels.

Read more via Think Progress
Going Off Fossil Fuels Would Boost Disposable Income And Create A Million Jobs