MODERNIZING THE GRID AND ENERGY INFRASTRUCTURE CAN PROPEL AN ECONOMIC RECOVERY
The just-enacted stimulus bill will provide desperately needed support for the nation’s energy workers who are losing their jobs by the thousands as the economy slows, gas prices drop and the novel coronavirus spreads. But that individual assistance and the stabilization loans provided to business will not be enough to rebuild the American economy, and particularly its energy sector, which is critical to the employment of all Americans.
For the last five years, key energy sectors of the economy have produced new jobs at an annual rate 50 percent higher than the economy as a whole. This key finding from the 2020 U.S. Energy and Employment Report (USEER), released this week by the Energy Futures Initiative (EFI) and the National Association of State Energy Officials (NASEO), should become an essential component of any federal and state efforts to craft a recovery from the economic crisis wrought by the novel coronavirus.
Read the full article from the Houston Chronicle here