New Data Confirms Job Creation Potential of Inflation Reduction Act
The Political Economy Research Institute (PERI) at the University of Massachusetts Amherst today released new data revealing the job creation potential of the more than 100 climate, energy, and environmental programs included in the Inflation Reduction Act. The BlueGreen Alliance has organized the new data into a factsheet and microsite, highlighting the job creation potential in six policy areas and exploring the impact of selected investments.
The PERI analysis finds that the Inflation Reduction Act’s climate and energy investments will create more than 9 million good jobs over the next decade. That includes: nearly 5 million jobs from clean energy investments; more than 900,000 jobs from programs to build clean manufacturing supply chains; more than 400,000 jobs from investments in electric vehicles and clean transportation; more than 900,000 jobs from programs to make our homes and offices more energy efficient; 150,000 jobs from investments in environmental justice and climate resilience; and more than 600,000 jobs from investments in our natural infrastructure.
In response to the release of the PERI analysis, the BlueGreen Alliance issued the following statement from Executive Director Jason Walsh:
“PERI’s new analysis confirms that this historic bill not only will support a livable climate, clean air, and a more equitable economy, but also will create more than 9 million jobs across the country. Few pieces of legislation this century have come close to such sweeping job creation potential. We have long called for congressional action that will address the joint crises of climate change, income inequality, and racial injustice. This bill’s investments offer an opportunity to support and create good union jobs and for workers and communities to reap the economic gains of the clean economy. Now it’s time to get it over the finish line.”