A $100 Billion Plan to Create 2 Million Green Jobs

A report released today (Sept. 9) by John Podesta's Center for American Progress lays out a plan that could create 2 million new jobs in two years by spending $100 billion to "jumpstart" a clean energy economy. The report, written by economist Robert Pollin and colleagues at the University of Massachusetts's Political Economy Research Institute, would focus investments on energy-efficient building, mass transportation, smart electrical grids, wind and solar, and advanced biofuels. Funds could come from the proceeds of auctioned carbon emission credits and could be allocated in the form of tax credits, direct government spending, and loan guarantees.

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