California's experience with 'green jobs' shows that reality doesn't always live up to projections
"A million additional jobs over 10 years, that's not a very large number," said Rob Williams, an environmental economist at the University of Maryland and a university fellow with the think tank Resources For the Future who published aearlier this month, which found job creation estimates are not a good rationale for making environmental policy decisions. "The natural amount of jobs created and destroyed every year are just enormously larger than that.
Warren's plan, at least, has accounted for that. It assumes the oil and gas industry will lose 160,000 jobs over 10 years, according to Moody's chief economist Mark Zandi. His analysis estimates 1.5 million jobs would be created in the wind industry and 3 million in home energy efficiency and weatherization.
At the least, California's forays into clean energy haven't dampened its juggernaut economy, which rebounded from the recession significantly faster than the national average. "What we know is California's economy has done very well, and we've invested a lot in clean energy," Bushnell said. "I don't know if we're at the point where we can point to causality there. I conclude from that that our investment in clean energy has not hurt the economy.
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