The folks at Climate Progress have flagged a study by the National Association of Manufacturers and the American Council for Capital Formation that includes some surprising information. The industry analysis uses some questionable assumptions, but still shows significant economic growth and job creation.
[W]hat is fascinating about the GIGO analysis by NAM/ACCCF is that even though they ignored the key cost-containment provisions in the climate bill — including virtually all of the international offsets and the strategic reserve — they still found that 20 million new jobs will be created in the United States by 2030 and GDP will be some $9 trillion higher...
Brad Johnson at The Wonk Room has more:
A new analysis of the economic impact of clean energy legislation forecasts powerful job and economic growth through 2030. The analysis of the Waxman-Markey American Clean Energy and Security Act (ACES), commissioned by the right-wing National Association of Manufacturers and the American Council for Capital Formation (ACCF), finds that 20 million new jobs will be created in the United States by 2030, even under high-cost assumptions:
