Jobs in a Green Economy Rebuilding for a Low Carbon Future Bracken Hendricks, Senior Fellow Baltimore MD (07/21/09) Governor’s Workforce Investment Board.

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Presentation transcript:

Jobs in a Green Economy Rebuilding for a Low Carbon Future Bracken Hendricks, Senior Fellow Baltimore MD (07/21/09) Governor’s Workforce Investment Board

Scale, Scope & Speed Recognizing the Severity of the Climate Threat

Reducing Carbon Emissions The Princeton Wedges 1 Wedge = 1b tons carbon in 10 yrs. Cut VMT from 10k to 5k miles/year for 2billion cars Double fuel economy for 2b cars Geologic carbon storage (CCS) 3,500 times Sleipner No tropical deforestation Conservation tillage on all crop land Cut emissions 1/4 for ALL buildings & appliances Install 50 times current global wind capacity while replacing coal Install 700 times current solar power What will it take to get the job done?

We are under investing in infrastructure ASCE: 2.2 Trillion Dollars in unmet needs (D- grade) Green Strategies can drive smart reinvestment Transit Rail Fuels Storm water Public buildings Smart grid Energy efficiency at scale These core public investments enable new markets, business growth, global competitiveness, and provide alternatives to mounting environmental crisis. & Drawing down the capital of our communities

Green Jobs & Manufacturing Opportunity

Clean Energy is Economic Development

“Green Recovery” Report (CAP/PERI) Findings $100 Billion Investment over 2 years 6 Efficiency & Renewables Strategies Building Retrofits, Transit & Rail, Smart Grid Wind, Solar, Advanced Biofuels 2 Million Jobs 4 times more jobs than Oil investment 3 times more good jobs over $16/hr. 300,000 more jobs than Consumption Stimulus 800,000 jobs in construction & manufacturing Clean Energy = More Jobs + Better Jobs

Energy investments in the American Recovery and Reinvestment Act compared to FY2009 appropriations

Total International Stimulus Funds (Early 2009)

Kinds of Green Jobs: Efficiency & Renewables

Green Jobs are Diverse with Good Wages

Building Contribution to CO 2 Emissions

Rebuilding America – The Opportunity 82.0 billion new square feet from replacement billion new square feet billion square feet in billion square feet in billion new square feet of built space Source: Nelson, “Toward a new Metropolis”

Negative Cost Solutions = Profit

Efficiency is Cheap and Getting Cheaper

Efficiency: Good Returns on Investment

Working Family Consumption Budget

Income Gains from One Less Car

Bracken Hendricks Senior Fellow Center for American Progress g Bracken Hendricks Senior Fellow Center for American Progress