The jobs creation potential of the green economy is staggering. In the US, President Obama has pledged $150 billion over 10 tears to create five million green-collar jobs.
Green-collar jobs are well paying positions that benefit the environment while cutting pollution and reducing waste.
According to Shari Shapiro, associate with Obermayer Rebmann Maxwell & Hippel LLP, the numbers show that green stimulus investments are among the most cost-effective ways to spend the Recovery Act dollars and create jobs.
Green industries include everything from renewable energy to electronics manufacturing.
We are entering an era of unprecedented growth in the green market, and this growth will supply millions of jobs. The emergence of green industries will also have a ripple effect that will create countless employment opportunities. These include teaching positions required to train people for their new roles in the emerging green economy.
Governments around the world are seeing green investments as a way of putting people to work and preparing for the future. At present, America is being outspent by many of the world’s major powers. However, the green investments that President Obama outlined in his 2011 State of the Union Address would drive job creation.
Government investment in green job creation is a winning strategy. As government investment helps green industries to grow they would benefit from economies of scale and this would bring down costs. Greater competition would also drive innovation.
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