Data from two recently published reports has revealed that President Joe Biden’s green policies will prevent 200,000 deaths and boost the number of renewable energy-related jobs in the United States by 150,000. The Biden administration has been relentless in its efforts to advance the green transition, and the reports indicate that these efforts will have a tangible effect on American lives and the labor market.
The reports indicate that green policies will be incredibly beneficial to the country, especially now that the upcoming presidential elections have such massive stakes. As the second-largest polluter on the globe after China and the largest historical polluter, the United States and its clean-energy policies will also affect the world’s efforts to achieve carbon neutrality.
One report from E2, a nonpartisan business group headquartered in Washington, D.C., found that the 2022 Inflation Reduction Act added close to 150,000 green-energy jobs in its first year. That figure brings the total number of people who work in renewable-energy-related fields in the country to almost 3.5 million. Furthermore, a million of these clean-energy jobs are located in the American South, a region that is typically dominated by the GOP.
The report also states that green-energy jobs increased by 4.5% in 2023, almost two times the average rate of job growth in the nation. Clean-energy jobs now account for 1 out of every 26 new positions in the country, the report says. New energy-efficiency roles made up the bulk of new positions followed by renewable-energy jobs, battery-electric-vehicle manufacturing and upgrading electric grids.
The Inflation Reduction Act could do a lot more for the country’s green-energy transition, depending on how the next elections play out. Kamala Harris, current vice president and Democratic presidential candidate, has said that she will advance the current administration’s green-energy policies if she is victorious, but GOP presidential candidate Donald Trump is less-supportive of green energy.
The former president referred to Biden’s administration’s green-energy efforts as the “green new scam” and vowed to terminate the program and “rescind all unsent funds.” He also accused Vice President Harris of “waging war on American energy” and called for the termination of incentives that encourage electric vehicle adoption. A second Trump administration could potentially slow down America’s green-energy transition for a long time, robbing it of the benefits of adopting clean energy.
Harris, on the other hand, has pledged to build upon the Inflation Reduction Act. E2 executive director Bob O’Keefe says the bill has helped to pioneer a historic economic revolution but notes that the U.S. still has a long way to go.
The innovative efforts of hundreds of for-profit companies, such as Energy and Water Development Corp. (OTCQB: EAWD), could make the employment and life-saving dividends of federal policies even more pronounced than current estimates suggest.
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