Why Obama's Green Jobs Plan Might Work

Los Angeles Times, by Marla Dickerson, January 4, 2009

The push is on to retool America with so-called green-collar industries. No one knows precisely how many green jobs exist in the U.S. economy. Estimates range from less than 1 million workers to nearly four times that. President-elect Barack Obama wants to spend $150 billion over the next decade to promote energy from the sun, wind and other renewable sources as well as energy conservation. Plans include raising vehicle fuel-economy standards and subsidizing consumer purchases of plug-in hybrids. Obama wants to weatherize 1 million homes annually and upgrade the nation's creaky electrical grid. His team has talked of providing tax credits and loan guarantees to clean-energy companies. His goals: create 5 million new jobs repowering America over 10 years; assert U.S. leadership on global climate change; and wean the U.S. from its dependence on imported petroleum.

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