Friday, July 10, 2009

Green Energy Job Creation: Return On Investment Facts

In a detailed assessment of how many actual jobs are created for every $1 million invested in the energy sector Alt Energy Stocks has reviewed the data. Bottom line -- green energy 16.7 new jobs to fossil fuel 5.3 jobs. That is three times better return on investment,

Tom Konrad for reports:
"The best national report I read was Green Prosperity, which was sponsored by Green for All and NRDC, and written by the economists Robert Pollin, Jeanette Wicks-Lim, and Heidi Garrett-Peltier at the Political Economy Research Institute at the University of Massachusetts, Amherst (PERI). This report used data from the US Commerce Department Input-Output tables and IMPLAN to look at the potential for job creation from each $1M of spending in various industries, some of which is presented below in table 3 from the report:"

The cost of creating jobs per $1million in spending:

Weatherization --17.1 Transit/Rail --20.8 Smart Grid --13.3 Wind --13.8 Solar --14.1 Biomass ---15.5
Fossil Fuel ---------- 5.3

1 comment:

  1. Hi
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