CIG can confirm that a new report by U.S. Vice president Joe Bidden has given Barack Obama’s green energy investment initiatives the thumbs up. The plan is likely to create around 700,000 new jobs and enable the U.S. to double its renewable energy power generation in just 3 years.
In a recent memo on the administrations efforts to move toward clean energy, Biden said projects in the $787 billion economic stimulus package were contributing to “unprecedented growth” in alternative energy, such as solar and wind power as well as improving production for renewable energy technology.
CIG understands that Biden’s economic advisor was quoted as saying that the recovery act was not only about rescue and relief but also about reinvestment, and that the VP’s report was a “comprehensive assessment” of the governments clean energy efforts. He continued that the administration was “solidly on track” to meet its target of saving or generating 3.5 million jobs under the stimulus plan which was approved by Congress and signed by Obama in February and included around $80 billion for renewable energy programs aimed in part at spurring growth of so called green jobs.
CIG believes the Congressional Budget Office, a wholly non partisan entity recently announced that the stimulus package had already generated between 600,000 and 1.6 million jobs helping to bring the unemployment figure down from a 26 year high of 10.2% in October to the current 10%.
