12 May '11, 2pm

Green Chemistry Holds Potential to Reverse Job Losses

Green Chemistry Holds Potential to Reverse Job Losses

OAKLAND, CA — The chemical industry has lost 300,000 jobs in nearly 20 years, but could boost employment by embracing green chemistry, according to a report issued today. The Political Economy Research Institute (PERI) argues that chemical law reform in the U.S., with the right policies and incentives, could spur job creation, open new markets and increase American competitiveness. Its report, "The Economic Benefits of a Green Chemical Industry in the United States," was commissioned by the BlueGreen Alliance . A growing number of environmental groups, legislators and even chemical industry groups have been calling for an overhaul to the U.S.'s chemicals policy, currently dictated by the Toxic Substances Control Act of 1976 (TSCA). While not all parties are on the same page regarding what changes should be made, they agree that the law, which puts a high burden on the gove...

Full article: http://www.greenbiz.com/news/2011/05/12/green-chemistry-h...

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