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  • Tuesday, December 6, 2016

    The Opportunity In New Energy

    Business Leaders: Electrify the U.S. Economy to Reduce Climate Change Risks; Clean energy a major private sector investment opportunity say Bloomberg, Paulson, and Steyer

    December 6, 2016 (Risky Business)

    “Reducing the risk posed by climate change is both economically and technically achievable, according to From Risk to Return: Investing in a Clean Energy Economy by the Risky Business Project, and would create significant new opportunities for American business…[The new report] finds that an average of $320 billion a year in private sector investment is needed through 2050 to build a clean energy economy and achieve the emissions reductions necessary to avoid the worst economic impacts of climate change. These necessary investments would be similar in scale to other major recent investments made by American business, including in computers and software at $350 billion per year over the past decade. Investments in clean energy could yield on average up to $366 billion in savings per year from reductions in spending on fossil fuels…The country would gain 1.3 million new jobs by 2050, with utilities, construction, and manufacturing seeing the largest gains. But 270,000 jobs would be lost in coal mining, oil, and gas related jobs, primarily in Southern and Mountain states…” click here for more

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