5 Ways Clean Energy Will Help Define the New Normal
- Jul 14, 2020 9:41 pm GMTJul 14, 2020 6:28 pm GMT
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Re-imagining a life and a world in the age of coronavirus presents a lot of unanswerable questions, yes, but also several opportunities. One those opportunities is the critical role clean energy and sustainability will play in reviving the economy and helping consumers adjust their behaviors and habits.
During the last significant economic recession, we saw firsthand how investment in the clean energy space created jobs and provided a jumpstart to a severely impacted economic climate. With the 2009 American Recovery and Reinvestment Act, President Obama made the largest single investment in clean energy in history, providing more than $90 billion in strategic clean energy investments and tax incentives to promote job creation and the deployment of low-carbon technologies. The investment created more than 80,000 jobs in the clean energy sector by the first quarter of 2010 alone, and raised the level of GDP by between 2 and 3 percent from late 2009 through mid-2011. By 2016, the White House Council of Economic Advisors reported that the Recovery Act clean energy-related programs supported roughly 900,000 job-years in innovative clean energy fields from 2009 to 2015.