| A Green Global Recovery? Assessing U.S. Economic Stimulus and Prospects for International Coordination
Heilmayr, Robert; Houser, Trevor; Mohan, Shashank
World Resources Institute, February 2009, 21p (PDF)
"Well-tailored "green" components of a recovery effort can create jobs and stimulate the economy while achieving significant energy cost savings for businesses, consumers and the government. As the 111th Congress begins and a new president takes office, the economic crisis dominates the US policy agenda. The financial system remains in a tenuous state despite massive bank recapitalization, and the economy, more than a year into the current recession, shows no signs of recovery. Given the scale of the challenge Washington faces and the amount of money required to combat it, there will likely be little room for other legislative priorities. As a result, policymakers are hoping to direct government spending over the next two years in a way that not only generates short-term economic growth and employment but also addresses long-term policy goals sidelined by the current crisis."
Robert Heilmayr works at WRI is focused on Federal climate change policy and corporate deployment of renewable energy. Trevor Houser, visiting fellow at the Peterson Institute for International Economics, is a partner at the Rhodium Group (RHG), a New York–based research firm, and adjunct professor at the City College of New York. Shashank Mohan is a research analyst with the Rhodium Group (RHG) in New York.
Go to the report at:
http://www.wri.org/publication/green-global-recovery
D6/02-09 posted March 18, 2009
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