Renewable Energy Growth Stymied by Pandemic, but Optimism Is High

Clean Energy Stimulus Could Help Renewable Sector Analysis conducted by the groups E2 (Environmental Entrepreneurs) and E4TheFuture found that the U.S. could create 860,000 full-time jobs for at least five years and add $66 billion to the country’s economy every year for five years if targeted clean energy investments were included in the next round of federal stimulus payments. The study modeled the economic benefits of $99.2 billion of federal stimulus invested in existing programs and funding vehicles in three specific areas: renewable energy, energy efficiency, and grid modernization. The groups said they chose the three sectors for their “proven track record of quick job creation during past economic stimulus programs,” and because most of the jobs can be done outdoors or in vacant buildings. Furthermore, they said existing funding-approved programs already managed by the Department of Energy and other federal agencies could be utilized to administer such a package.

https://www.powermag.com/renewable-energy-growth-stymied-by-pandemic-but-optimism-is-high/