A new report by lead authors Robert Pollin and Heidi Garrett-Peltier proposes a new energy investment program for the U.S., requiring public and private investment of $200 billion per year over the next 20 years, and focussing on energy efficiency and renewable energy.
“Green Growth: A U.S. Program for Controlling Climate Change and Expanding Job Opportunities” argues that the U.S. can cut its carbon pollution by 40% from 2005 levels and create a net increase of 2.7 million clean energy jobs, if policies and investment undergo “a transformational shift in how we construct, finance, and deploy our energy infrastructure”. The report provides estimates of fiscal impacts and job impacts. The authors cite four essential conditions for their scenarios, one of which is “Regional equity and transitional support for communities and workers”, described as “allocating federal government clean energy investment spending equitably among all regions of the country, targeted community-adjustment assistance, extensive worker-training programs, and adjustment-assistance programs for fossil fuel workers. The national clean energy investment program can itself provide a critical base for generating new opportunities among workers and communities that are presently dependent on the fossil fuel industries”.