Green Energy Can Fuel The Economy

Green Energy Can Fuel The Economy

It was great to see economists in two separate New York Times opinion pieces recently noting that controlling climate pollution may be economically beneficial rather than restraining growth, as conventional wisdom among economists has held.

The idea that controlling climate pollution helps the economy is not new. Back in 1981, the Solar Energy Research Institute, a national laboratory now known as the National Renewable Energy Laboratory, published a study that said the same thing. It showed that over the next 20 years, “through efficiency, the U.S. can achieve a full employment economy and increase worker productivity, while reducing national energy consumption by 25 percent...[in addition] some 20 to 30 percent of this reduced demand could be supplied by renewable resources.”

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