The White House Council of Economic Advisers last week released a quarterly report showing that 63,000 renewable energy jobs have been created so far through clean energy investments under the American Recovery and Reinvestment Act.
Those jobs are a result of the $5 billion spent to date, out of a total of roughly $90 billion set aside for clean energy investments. As of 4Q09, another $26 billion has been obligated but not yet outlayed.
Those figures were part of a larger review showing the Recovery Act saved or created 1.5 to 2 million jobs through last quarter.
The report estimates that, in total, the Recovery Act’s clean energy investments will create 719,600 job-years (one person employed for one year) through 2012.
"Tens of billions more from the Recovery Act will be invested in the months to come, so these jobs are really just the tip of the iceberg when it comes to the impact of the administration’s unprecedented investments in clean energy," Sierra Club Executive Director Carl Pope said. "While the numbers released today are very good news, even the dramatic investments made by the Obama administration pale in comparison to the private capital waiting to be unleashed. That capital–and the millions of clean energy jobs that will come with it–remains frozen because the Senate has yet to pass comprehensive clean energy and climate legislation.
The report is available at the link below.
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