How to Make $16 Trillion & Create Millions of Jobs While Solving the Climate Crisis
The pandemic has worn out its welcome here on planet Earth. Just try and find someone who's not sick and tired of working from the basement, wearing a mask, bumping elbows in greeting or simply living with the worry of themselves or their families getting sick. And these inconveniences pale in comparison to the pain many have suffered from illness or the loss of loved ones.
If we could have seen the pandemic coming and had the power to prevent it, of course, we would have. Moreover, if we had that power but still sat on our hands as millions became sick and died, that inaction would be unforgivable.
There is another problem that we know is coming, that we know of and have the power to address. Yet, which we continually do too little -- or often nothing -- to tackle it. I'm talking about climate change.
Left unchecked, the impact of climate change will only further alter our world as we know it -- reshaping our coastlines and the cities that sit upon them, accelerating species extinction, devastating agriculture thereby causing famine, ravaging our economy, and impacting everyone’s health.
I approach it from the other direction, however: how can we afford not to?
"Goldman Sachs recently estimated that there is $16 trillion to be made in just the next 10 years from new investments in renewable energy."
Yes, the looming cost to human life and the natural world are paramount and merit immediate and sustained commitment to long-term action. For those who may also worry about the economics of tackling climate change, consider this: Goldman Sachs recently estimated that there is $16 trillion to be made in just the next 10 years from new investments in renewable energy. Furthermore, if the United States committed to helping keep global warming within 2 degrees Celsius, this would create between $1 and $2 trillion dollars in yearly investments in renewable energy.
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At a time when the global pandemic has dealt a mighty blow to the world’s economy, those kinds of numbers should be music to our ears. Why would we not embrace the enormous economic benefits and job creation of investing in next generation transportation and renewable energy systems?
As a Republican governor of the 7th largest state and a top-25 global economy, I was proud to champion energy and environmental policies that helped Ohio reduce its carbon emissions by almost 30 percent between 2005 and 2014 -- all while achieving strong job creation and still managing major new investments in natural gas from shale with regulations that surpassed the federal government's.
Our approach was balanced, reasonable and productive, with a focus on encouraging energy investments while also protecting public health and the environment -- and preserving Ohio's renewable energy standard. Thanks to the state's support for renewable energy, thousands of new jobs were created by companies like Amazon and Facebook, which like many tech companies, are committed to renewable energy use.
"Traditional renewable energy sources like solar and wind have stood the test of time and merit even greater investment and deployment."
The time has come for people who understand the need to be good stewards of our environment -- and who can appreciate the value of a global economic boost -- to roll up their sleeves and push for the needed switch to renewable energy and clean transportation. Traditional renewable energy sources like solar and wind have stood the test of time and merit even greater investment and deployment. Clean natural gas can be the bridge as we ramp up more renewables and make the final break from carbon-intensive fuels. And, we need to support research for new green energy technologies and bring these to market.
I joined World War Zero with former Secretery of State John Kerry and former California Governor Arnold Schwarzenegger to help unite a group of unlikely allies -- Democrats, Republicans, scientists, military leaders, and people from all walks of life -- to mobilize, speak up, find new ways to reach a greater number of people, and tackle climate change together.
Certainly, seeing the economic benefits of renewable energy investments during a global recession might not be an angle that first comes to mind. However, tough problems merit different approaches and demand that we take advantage of opportunities when they arise -- like now.
Just like America's shift to a wartime footing in the 1940s helped end the Great Depression, the manufacturing revolution and global job creation ushered in by the transition to a clean energy economy could deal critical blows to our two fiercest dragons at once: climate change and the economic downturn. Let your voice be heard and make clear to those who lead that we cannot waste this opportunity.