Jobs of the Future – Green Jobs

December 16, 2010



Renewable Energy and Efficiency Tax Incentives. Extends and expands tax incentives for renewable energy, including incentives for plug-in vehicles, and retains and creates hundreds of thousands of American jobs. It expands and extends tax incentives for renewable electricity, energy (such solar and wind) and fuel from America’s heartland, as well as for plug-in hybrid cars, and energy efficient homes, buildings, and appliances. Investments in renewable energy create three to five times as many jobs as investments in fossil-fuel energy. (H.R. 5351)
Investing in Renewable Energy, Energy Efficiency and Home Heating Assistance (LIHEAP), Paid for by Making Oil Companies Pay their Fair Share for Drilling on Public Lands (98/99 leases). Creates a Renewable Energy Reserve to invest in clean, renewable energy resources and alternative fuels, promote new energy technologies, develop greater efficiency and improve conservation. It will also fund home heating assistance (LIHEAP), weatherization, the Land and Water Conservation Fund, and carbon capture and sequestration. (H.R.6) Revenues from new areas opened offshore will also be deposited in this fund.
Electricity from Clean Renewable Sources. Requires utility companies to generate 15 percent of electricity from renewable sources — such as wind power, biomass, wave, tidal, geothermal and solar — by 2020. A 15 percent Renewable Electricity Standard will reduce global warming emissions and lower energy prices, saving consumers $13-18 billion cumulatively by 2020. It permits utilities to meet up to 4 percent of their target through energy efficiency. (H.R. 3221)
Renewable Biomass. Expresses the sense of Congress that the Renewable Fuel Standard should ensure that every region of the country can be a potential producer by calling for cellulosic biofuels to be produced from a highly diverse array of feedstocks.


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