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Report: Clean Energy Investment Knocks Down NV Unemployment

September 10, 2008

Las Vegas, NV – Nevada could hit a jackpot when it comes to new jobs, according to a new report from the University of Massachusetts-Amherst.

David Foster with the Blue Green Alliance says the findings send a clear signal that states like Nevada don't have to decide between going green and building their economies because, he says, clean energy investment would produce more than 15,000 new jobs in the Silver State.

"Environmental investments aren't job killers; they are in fact the greatest job creators that we have at a particularly worrisome time in our economy."

The report finds a national investment of $100 billion in clean energy and energy efficiency would create an estimated two million new jobs over the next two years.

Lydia Ball with the Sierra Club says the study shows a short-term national investment of $100 billion into renewable energy would generate more than $800 million in investment in Nevada.

"Now, with the $865 million, we could create over 15,000 jobs in the state of Nevada, and that would take the current 6.5 percent unemployment rate down more than a whole percentage point, to 5.4 percent."

Ball says the report shows that investing short-term in clean energy would produce four times as many jobs as would be created by investing in the oil industry, and most of those jobs would pay in excess of $16 per hour.

Critics of the report say it is overly optimistic on the jobs front, and the plan doesn't do enough to meet the nation's energy demands.

The report was written by the Political Economy Research Institute, and commissioned by the Center for American Progress. The full report is available online at

Michael Clifford/Steve Powers, Public News Service - NV