The more than $32 billion of alternative energy grants the Energy Department issued in the past year should create 1.5 million jobs over three years, the Milken Institute says.
This projection is included in an institute blueprint for creating jobs in the U.S. The green jobs make up 14 percent of the new employment the foundation believes can be generated through tax cuts and infrastructure spending.
The study, released Tuesday, was funded by the National Association of Manufacturers, so it could over state the expected benefits to producers and be slanted to favor corporate tax cutting. (Yes, Supreme Court, U.S. corporations are willing spend considerable sums of money to influence government policy.)
Still, the findings offer a useful metric for measuring the impact of the Energy Department’s spending. According to the institute, the $32.1 billion the department allocated to smart grid, renewable energy and clean coal projects should create 576,100 jobs a year, or a total of 1.5 million over three years. The money has come from recovery act funds.
The department has set aside an additional $6 billion on nuclear waste clean up, which the Milken study doesn’t address.
Thank you for sharing. best wishes.
Thank you for sharing. best wishes.