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(no subject)

Date : Tue, 09 Sep 2008 12:46:27 -0400

Please note: Full report available at website listed at bottom of release. New Jersey specific content attached as a PDF file.

PRESS RELEASE

For Immediate Release Contacts: Jeff Tittel, NJ
Sierra Club, (609) 558-9100 September 9, 2008 Dena Mottola, Environment NJ, (609) 540-6609

                                                               John Pajak, NJ Work Environment Council, (908) 902-0058

Debbie Zeidenberg, PERI at UMass, (413) 577-3147

New Report Looks at Green Job Potential in New Jersey State Stands to Gain Thousands of Jobs from Investment in Global Warming Solutions

Trenton, NJ - A new report released today by the Sierra Club, Environment New Jersey, the New Jersey Work Environment Council, and other labor and environmental groups shows that the U.S. can create two million jobs nationwide - more than 57,000 of them here in New Jersey - by investing in clean energy technologies. The report, written by the Political Economy Research Institute (PERI) at the University of Massachusetts-Amherst under commission by the Center for American Progress, also shows that investing in clean energy would create four times as many jobs as spending the same amount of money on the oil industry.

"Green equals green," said Jeff Tittel, Director of the New Jersey Sierra Club. "This report shows that we can protect the environment, grow the economy, and provide jobs all at the same time."

"Shifting to clean energy now will put more people to work and revitalize our economy at a time when American families are hurting," agreed John Pajak, an oil refinery worker, Teamsters Local 877 member, and President of the New Jersey Work Environment Council.

"Green Recovery - A Program to Create Good Jobs and Start Building a Low-Carbon Economy" analyzes the potential for a two year $100 billion green investment program to be an engine for job creation in New Jersey and nationwide. (An investment of $100 billion would be comparable to the size of the April 2008 federal stimulus package dedicated to consumer rebates.) The specific package studied would include investment in six green infrastructure priorities: retrofitting buildings to improve energy efficiency, expanding mass transit and freight rail, constructing "smart" electrical grid transmission systems, wind power, solar power, and next-generation biofuels.

The report shows that the vast majority of the two million jobs gained from this initial investment in clean energy would be in the same areas of employment that people already work in today. For example, constructing wind farms creates jobs for sheet metal workers, machinists, and truck drivers, among many others. Increasing the energy efficiency of buildings through retrofitting requires roofers, insulators, and building inspectors. Expanding mass transit systems employs civil engineers, electricians, and dispatchers.

In addition to creating two million jobs nationwide over two years, a $100 billion initial investment in our clean energy future would:

* Create nearly four times more jobs than spending the same amount of money within the oil industry and 300,000 more jobs than a similar amount of spending directed toward household consumption.

* Create roughly triple the number of good jobs - paying at least $16 dollars an hour - as spending the same amount of money within the oil industry.

* Bolster employment, especially in construction and manufacturing. Construction employment has fallen from 8 million to 7.2 million over the past two years due to the housing bubble collapse. The Green Recovery program can, at the least, bring back these lost 800,000 construction jobs.

The report proposes that the $100 billion of initial investments fund:

* $50 billion for tax credits. This would assist private businesses and homeowners to finance both commercial and residential building retrofits, as well as investments in renewable energy systems.

* $46 billion in direct government spending. This would support public building retrofits, the expansion of mass transit, freight rail and smart electrical-grid systems, and new investments in renewable energy.

* $4 billion for federal loan guarantees. This would underwrite private credit that is extended to finance building retrofits and investments in renewable energy.

"It's time that our leaders in Washington recognize that choosing energy is choosing both jobs and the environment. We need a bold new energy plan for America that addresses global warming and revitalizes our economy with clean energy," concluded Dena Mottola Jaborska, Executive Director of Environment New Jersey.

"Green Recovery - A Program to Create Good Jobs and Start Building a Low-Carbon Economy" was written by the Political Economy Research Institute (PERI) at the University of Massachusetts-Amherst, under commission by the Center for American Progress (CAP), and released by a coalition of labor and environmental groups. The authors of the report are Robert Pollin, Heidi Garrett-Peltier, James Heintz, and Helen Scharber of PERI. For the complete report findings go to www.peri.umass.edu/green_recovery.

##########

Becca Glenn, Program Assistant New Jersey Sierra Club

145 W. Hanover Street Trenton, NJ 08618

609-656-7612: phone

609-656-7618: fax

Received on 2008-09-09 09:50:02

New Jersey Sierra Club, 145 West Hanover St., Trenton, NJ 08618, USA
tel: 609 656 7612, fax 609 656 7618
or email Nicole Dallara, Outreach Coordinator, at nicole.dallara@sierraclub.org

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Page Last Modified 11/12/2008


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