Low-carbon policy could add $111B to U.S. economy by 2020

11/18/2009 | BusinessGreen (U.K.)

A climate-change policy could increase the gross domestic product by $111 billion and raise the average household income by up to $1,176 by 2020, according to findings from research groups in several U.S. universities. Implementing a cap-and-trade program and adopting clean-energy technologies could generate between 918,000 and 1.9 million jobs, the study said. The results are based on assumptions that utility companies would produce 20% of their power from renewable sources by 2020 as well as other conditions.

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