CEA Report: Stimulus Bill Created 52,000 Clean Energy Jobs


Well, it's been nearly a year since the American Recovery and Reinvestment Act (the stimulus bill) has passed. And what do we have to show for it? Well, according to a report from the White House's Council of Economic Advisers, it's saved or created 2 million jobs, for starters. And 51,700 of those created were jobs in the clean energy sector, according to USA Today.The newspaper says that "The White House reported Wednesday that the $5 billion in stimulus funds spent to promote clean energy has created 51,700 jobs nationwide." $5 billion is a small fraction of the money set aside for clean energy projects and job generation--there's still $75 billion or so left to flow out.

According to USA Today:

"These investments have the potential to jumpstart the transition of the American economy to greater efficiency and cleaner energy," says the CEA in a summary posted online. In addition to the 51,700 new jobs, it says the funds have helped create another 11,000 jobs.

"This employment impact is expected to increase substantially over time," the CEA says. Measuring them in "job-years" -- one job for one year, it projects 719,000 new clean energy "job years" by end end of 2012.

Which means some 200,000 new lasting green jobs. Obama has also recently announced additional measures to specifically grow clean energy jobs. All this seems like an encouraging start, but it's not enough to keep the US competitive in the clean energy sector. Far more private sector investment is going to have to take place, and the best way to spur that is, well--yip, clean energy reform.

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