31 Oct '11, 12pm

Environmental Regulations Create Jobs, Economists Say

Environmental Regulations Create Jobs, Economists Say

If you look at the facts, job creation vs. economic regulations shouldn't even be a debate. A briefing from Economics for Equity and Environment (E3) states, as its first point, that "Reduced oil imports would create jobs." The money we saved on oil would be spent at home, on things like alternative energy development, to the tune of 900,000 new jobs for every $100 billion decrease in spending on oil. Pretty neat, right? It gets better. Layoffs due to environmental regulations will be minimal, say the E3 economists. They'll account for about 1/10th of one percent of all layoffs throughout the U.S. Meanwhile, economists with the Political Economy Research Institute predicted in 2009 that clean energy investments and increased environmental regulations would lead to a net increase of 1.7 million jobs. The construction and manufacturing industries will experience high rates o...

Full article: http://www.earthtimes.org/business/environmental-regulati...

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