Get Energy Smart! NOW!

Blogging for a sustainable energy future.

Get Energy Smart!  NOW! header image 2

Clean Energy Jobs Go Home: $30 Billion to put 4.5 Million to Work

December 8th, 2009 · 4 Comments

Clean Energy Jobs Go Home: $30 Billion to put 4.5 Million to Work

This is part of a series of brief posts on ‘clean energy jobs‘ opportunities for sparking meaningful employment, quickly, in the United States as discussed in Clean Energy Jobs: Stimulate Me.

Investing in building energy efficiency is one of the most effective ways to create job and revitalize the economy while achieving other objectives.  Ed Mazria and Architecture 2030 have been a fount of good ideas as to how to spark employment and boost economic performance while reducing polluting energy habits and kick-starting the nation toward a prosperous low-pollution future. These have truly been win-win-win concepts.

As the nation looks to serious government action to seek to spark employment, the latest proposal from Mazria / Architecture 2030 should be on the top of the pile for consideration.  This “One-Year, 4.5 Million Jobs Investment Program” would:

  • Invest $30 billion per year in mortgage interest buydown
    • To help fund home improvements in energy efficiency and renewable energy
    • Amount of interest rate buydown based on exceeding energy efficiency standards
  • Spark $280 billion in private investment and spending each year
    • Interest rate rate buydown requirements spending on improving home energy
  • Save home and building owners money
    • Reduced energy costs
    • Reduced monthly mortgage payments (even accounting for investment costs)
    • Reducing likelihood of foreclosure (energy efficient homes have lower foreclosure rates due to lower utility bills)
  • Reduce US greenhouse gas emissions
    • Built infrastructure is responsible for about 40% of US emissions
    • Energy efficiency in buildings is fastest payoff for reducing energy use / emissions
  • More than pay for itself
    • Return approximately $60 billion to federal government due to tax revenue
    • Reduce unemployment & other required government assistance
  • Create 4.5 million jobs
    • Spread throughout the United States, in all communities
    • At all educational and skill levels (from day laborers to master electricians to the mortgage industry to architects / engineers / scientists)
    • Among some of the hardest hit sectors of the work force (construction industry)

This multiple win approach, to achieve rapid and significant job growth while moving forward in other arenas, should be on the top of the pile as Congress develops a jobs bill in the coming month.

Clean Energy Jobs Go Home: $30 Billion to put 4.5 Million to Work

NOTE:

On this proposal, see David Roberts, Grist, How Obama could use his jobs speech to win both domestically and internationally.

This $30 billion proposal might be useful to compare to the $23 billion or so being proposed for Cash for Caulkers.

Some other GESN discussions of Architecture 2030 proposals, see:

Clean Energy Jobs series posts:

Tags: Energy · LEED · architecture · architecture2030 · building green · clean energy jobs · climate change · energy efficiency · government energy policy · green

4 responses so far ↓

  • 1 uberVU - social comments // Dec 8, 2009 at 6:32 pm

    Social comments and analytics for this post…

    This post was mentioned on Twitter by ClimaTweets: [Get Energy Smart] Clean Energy Jobs Go Home: $30 Billion to put 4.5 Million to Work: Clean Energy Jobs Go Home: $3… http://bit.ly/89dlj6...

  • 2 Roger Roster // Dec 9, 2009 at 3:58 am

    Yes, the clean energy sector has the potential to net 4.5 million jobs…With the growing concern over climate change and the impact on the environment, renewable energy sectors like wind, solar, etc are being harnessed like never before. Pacific Crest Transformers has many whitepapers and articles related to this emerging renewable energy sector. Go to http://www.pacificcresttrans.com/home.html

  • 3 VP Biden’s excellent Earth Day announcement is perhaps 1% of what we need … // Apr 21, 2010 at 10:02 am

    [...] and local governments move out aggressively with energy efficiency efforts. It is past time for a Federal program to buy down mortgage loans on the basis of energy efficiency. The $100s of billions in energy savings and 10s of millions of jobs that an aggressive embrace of [...]

  • 4 $100 billion/year: tax cuts for 1% or solutions for all? // Nov 19, 2010 at 9:04 am

    [...] paths easily could have created far (FAR) more jobs than 3 million. Here, for example, is a path to create 4.5 million jobs with $30 billion. Or, there is the Architecture 2030’s concept for leveraging $100 billion per year to create [...]

Leave a Comment