Wednesday, May 27, 2009

Energy Retrofits Outstrip Oil and Coal in Job Creation

Each dollar spent on an energy retrofit of buildings has more than twice the job creation punch of a dollar spent on oil or coal development. (Image from
Dollars and reports:

"In fact, retrofitting creates more than twice as many jobs per dollar spent than oil or coal production, according to a detailed study that my colleagues and I at the Political Economy Research Institute conducted in 2008. For each $1 million spent, retrofitting creates about 19 jobs while spending on coal creates nine jobs and oil only six. Retrofitting also creates more jobs per dollar spent than personal consumption on typical items such as food, clothing, and electronics. Personal consumption does better than fossil fuels, but not as well as retrofitting, generating about 15 jobs per $1 million spent." See ful article.

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