A study by the Peterson Institute for International Economics found that the climate change legislation introduced in the Senate last week by Sens. John F. Kerry, D-Mass., and Joseph I. Lieberman, I-Conn., would create hundreds of thousands of jobs over the next decade, Reuters reported. The study concluded that from 2011 to 2020, the average annual employment in the U.S. would increase, including 165,000 jobs in nuclear power, 19,000 in renewable energy, 28,000 in biofuels, and 96,000 jobs related to the development of clean-coal technology. The study said 72,000 jobs would be lost because of less demand for fossil fuels and the cancellation of new fossil-fuel generation facilities.
The prediction for the second decade had lower job growth because "additional power sector investment becomes more inflationary" and energy prices would rise. From 2011 to 2030, "average annual employment is 6,300 jobs higher than business as usual."
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