06 Dec '11, 5pm

Why Obama’s #energyefficiency plan will create jobs and boost the #economy

Why Obama’s #energyefficiency plan will create jobs and boost the #economy

President Obama took an important step forward last Friday by announcing nearly $4 billion in combined federal and private sector energy upgrades to buildings over the next two years. This investment would help boost the economy and create jobs for Americans. As we’ve described , energy efficiency can play an important role in the economic recovery by supporting higher levels of employment through investments that more than pay for themselves through the resulting energy bill savings. Jobs are created not only through the initial investment, but also from energy bill savings being spent in other sectors of the economy for the life of the investment. As former President Bill Clinton recently noted , “It's the nearest thing we got to a free lunch. And the return is very high. For every billion dollars you spend on building retrofits, you get between 7,000 and 8,000 jobs.” Th...

Full article: http://aceee.org/blog/2011/12/why-obama-s-energy-efficien...

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