CABA Information Series

IS-2008-145: Green Recovery: A Program to Create Good Jobs and Start Building a Low-Carbon Economy

This report from the University of Massachusetts proposes government research programs to investigate a “low carbon economy” while stimulating job growth.  The proposal calls for an investment of $100 million in 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.  These research grants would be supplemented with federally guaranteed loans for private-sector investments in energy efficiency and renewable energy.  About two million jobs would be created and imports for household expenditures would be reduced about 60 per cent.






















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