A billion dollar investment in green technology can generate 1,900 jobs for solar energy, 15,000 jobs for building and home retrofits, and 3,300 jobs for wind energy compared to just 870 jobs generated from coal plant on the same investment (Clinton, 2011, p.Because of the monetary savings and efficiency of green technology, Clinton revealed that there are number of countries investing in green technology like the Philippines and Iceland capitalizing on geothermal plants to provide electricity, Brazil getting 80% of its electricity from hydropower and uses ethanol oil from sugarcane to run its cars, India and China investing big amounts to produce solar power, and European countries using wind energy in generating power.In America alone, history has shown that public-private partnership investment on green energy can be beneficial but is still in need of political support from the government to be replicated in other private and public infrastructures in the different states in the country. Samples given by Clinton includes the Empire State Building in New York City that has completed its retrofits installing energy saving system in partnership with a private investor that guarantees 38% savings on its usage and utility bills, retrofits in low-income housing in New Orleans saving 50% on energy, the on-bill recovery financing program of Governor Andrew Cuomo in New York, the Home Energy Assistance Loan (HEAL) started by Clinton himself, the commitment of the California Public Employees Retirement System (CalPERS) to raise funds for household retrofits of its members, and the energy saving streetlights. Back to Work Why We Need Smart Government for a Strong Economy.
ReferenceClinton, Bill. (2011). Back to Work Why We Need Smart Government for a Strong Economy. New York: Alfred A. Knoff. 140-164.
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