Tuesday, October 21, 2008

Cal Study Says Green Energy Efforts Will Pay Off Big

By Chris Thompson
Tue, Oct 21, 2008 at 8:25 AM

UC Berkeley researcher David Roland-Holst has released a new study, in which he estimates that the state's new effort to eliminate greenhouse gas and adopt green energy will create up to 403,000 new jobs and and add $48 billion to household incomes in the next twelve years. According to the Chron, the state already netted an unexpected windfall when it required energy efficiency in construction codes and from new appliances; the additional money saved from energy bills circulated through the economy, creating $1.5 million jobs and $56 billion in revenue. For more details of the study, click here.

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