9 Million Jobs from Climate Action: The Inflation Reduction Act

By staff - Blue Green Alliance, August 2022

A new analysis commissioned by the BlueGreen Alliance from the Political Economy Research Institute (PERI) at the University of Massachusetts Amherst finds that the more than 100 climate, energy, and environmental investments in the Inflation Reduction Act will create more than 9 million good jobs over the next decade—an average of nearly 1 million jobs each year.^1,2 That includes more than 6 million jobs created over the next 10 years by grants, loans, and tax credits and nearly 3 million jobs stimulated by new loan guarantee authority for the U.S. Department of Energy. The bill’s broad investments will also help sustain the millions of existing jobs in the clean economy. 

Few pieces of legislation this century have come close to such sweeping potential for good job creation. With robust application of the bill’s strong labor standards, many of these jobs in growing sectors like clean energy, clean manufacturing, and efficient buildings will offer workers good wages and benefits. To advance economic and racial justice, registered apprenticeship programs, targeted investments, and equitable hiring practices should be used to prioritize job access for low-income workers, workers of color, and workers in environmental justice, deindustrialized, and energy transition communities. 

In short, the bill’s unprecedented investments offer an unparalleled opportunity for workers and communities to capture the economic gains of the growing clean economy. Below is a synopsis of some of the jobs that the Inflation Reduction Act will create.

Read the rest of the press release on the Blue Green Alliance site.

Read the PERI analysis (link).

Disclaimer: The views expressed here are not the official position of the IWW (or even the IWW’s EUC) and do not necessarily represent the views of anyone but the author.