October 23, 2012 - A new report argues that the U.S. needs a long-term strategy to achieve climate stability, economic prosperity and energy security that uses the unique assets of each region of the country to choose investments in energy and fuel.
The joint Center for the Next Generation/Center for American Progress report finds that offshore wind, for example, is the only utility-scale energy resource abundant enough to contribute substantially to the sustained, long-term energy demands of the Atlantic Coast region. According to the research, developing just 54 GW of offshore wind in Atlantic waters would generate $200 billion in economic activity and displace the annual output of 52 coal-fired power plants.
Oil savings from vehicles being built in the U.S. under new fuel efficiency standards could revitalize the country's manufacturing, as well as saving consumers $54 billion a year in 2030 and adding 570,000 jobs to the economy, the research contends.
Plentiful renewable energy resources in the Mountain West represent 71,872 jobs and California's solar industry has grown 171 percent in the last 15 years. read more>>>
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