Green ‘sequester’ is already costing U.S. jobs: Job losses from ongoing clean-tech cuts will rival those from defense cuts | Economic Policy Institute

Green ‘sequester’ is already costing U.S. jobs: Job losses from ongoing clean-tech cuts will rival those from defense cuts | Economic Policy Institute
"Besides being a particularly good form of fiscal support to create jobs, the federal commitment to clean technology is likely to have beneficial long-run impacts if it is sustained. Many studies agree that there are hundreds of billions of dollars in high-return investments in clean technology that are currently not being made because of a range of market failures (Bivens 2012). Federal support for this technology can help alleviate these market failures. The most compelling reason to undertake aggressive federal support for clean technology is, of course, the threat of global climate change caused by the emission of greenhouse gases."