A new report by the Center for American Progress details an economic plan that would help turn around the ailing economy and provide much needed green infrastructure and investment.
This program would create nearly 2 million jobs nationwide and would reduce the unemployment rate from 5.7 percent to 4.4 percent. The plan focuses on six different areas: 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.
According to the report: "This economic recovery program combines the $100 billion fiscal stimulus with an additional credit stimulus-through a federal loan guarantee program to boost private-sector investment in energy efficiency and renewable energy." The plan would be about the same cost as the economic stimulus checks that went out last April.
Other key benefits identified throughout the report are: Widespread employment gains, lower unemployment, renewed construction and manufacturing work, more stable oil prices, and self-financing energy efficiency.
The new Center for American Progress report can be found here:
Green jobs: A program to create good jobs and start building a low-carbon economy
Find out how your state will benefit: State fact sheet