Investing 150 billion dollars in a "green economy" could not only boost the employment picture in the US, but also create new pathways out of poverty for many low-income workers in the country, a new report has said.
The report, titled, the Political Economy Research Institute's study on green-economy investment, was analyzed by Dr. Sekou Franklin, assistant professor of political science, from Middle Tennessee State University.
AdvertisementSubsequently, among other outcomes, he's determined that such an investment has the potential to create nearly 15,000 new jobs in his region alone.
According to Franklin, "The PERI Group out of Massachusetts was responsible for doing a 12-stage study on clean-energy investment, and Tennessee was included in that 12-stage study, so we used that broader research and that broader frame to write a proposal that I did research for on a green-jobs program for low-income workers."
Related to Franklin's green-jobs proposal, there exists a variety of "clean-energy" jobs that require only a high-school degree or less, including roofers, electricians, insulation workers and sheet-metal workers, among other occupations.
Moreover, according to the MTSU professor's Tennessee-related study, mass-transit investment is an area ripe for development when it comes to creating environmentally sound practices.
Such green investment, Franklin notes, can lead to far-reaching outcomes that ultimately reduce unemployment and raise the overall standard of living for lower socio-economic households.
Plus, with the aforementioned 150 billion dollars investment in what has been dubbed the "clean-energy economy," Nashville and its 6th Congressional District has the potential to generate some 15,000 new jobs, per the national report issued by PERI.
Franklin, similarly, agrees with the national study's findings, asserting that a renewed commitment to mass transit in Middle Tennessee is an area that would provide a significant and sustainable return on any green-economy investment.
"We need a broader public-transportation system that links Nashville to Murfreesboro to Cookeville, so that low-income workers can get to work and also in order to reduce fossil fuels," he said.
With such a system, not only the economy but also the environment would benefit by the reduced number of "people in cars spending money on gas and oil, (and then) having that released into the environment," he added.