Investments in green technology can pay off in a big way – including the creation of 100,000 new jobs in the Midwest:
"The report, "American Innovation: Manufacturing Low Carbon Technologies in the Midwest," which uses economic research from Deloitte, estimates that climate and energy policies could create up to 100,000 new jobs in the Midwest, and generate additional market revenues of up to $12 billion, boosting state and local tax revenues by over $800 million by 2015. These gains were estimated from policy-assisted growth in the wind turbine component, hybrid powertrain, and advanced battery manufacturing sectors in the Midwest."
"The report considers the impact of three climate and energy policies: a $17 per ton price on carbon in 2015, resulting from a cap on emissions; a national renewable electricity standard (RES) of 20% by 2020; and a green economic stimulus package. It compares job and revenue growth in Michigan, Illinois, Indiana, Ohio and Wisconsin with these policies in place, and without."
These areas have been hit hardest by the recession, and green technology could be the key to leading them back to economic prosperity. However, if we continue on the current path, China will end up leading the way.