New Jersey to See 13,500+ Jobs from Build Back Better Act [NRDC Analysis]“The Build Back Better Act has the potential to
Trenten, New Jersey — A new NRDC analysis shows that the Build Back Better Act, as it currently stands, has the potential to significantly accelerate clean energy investment, economic activity, and job growth in New Jersey. The Senate’s passage of the Build Back Better Act would bring these climate and economic benefits to states across the country, including an estimated 13,500 to 16,700 new direct jobs created in New Jersey.
“The Build Back Better Act has the potential to significantly accelerate this investment, economic activity, and job growth in New Jersey,” said Eric Miller, Director of NJ Energy Policy for NRDC . “Already, clean energy is the biggest job creator in our country’s energy sector, employing almost three times as many workers as the fossil fuel industry.
New, large-scale carbon-free energy generating capacity built: 6,100 MW, enough to power 1.7 to 1.8 million homes annually. This would expand the state’s large-scale wind and solar capacity by seven-fold compared to today.Access the full NRDC BBB jobs analysis for New JerseyThe House-passed Build Back Better Act contains more than $150 billion in clean electricity tax incentives as well as more than $25 billion for clean energy loans, grants, research, procurement, and other essential programs.
The tax incentives included in the legislation are flexible and accessible to support all types of developers who will usher in the fastest — and most sustained — build-out of renewables in the country’s history. The incorporation of labor standards such as prevailing wage and domestic content requirements on clean energy credits will help increase American manufacturing and ensure that the jobs created are good jobs.
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