Political Economy Research Institute (PERI)

By Elizabeth Perry - Work and Climate Change Report, November 2, 2020

Impacts of the Reimagine Appalachia & Clean Energy Transition Programs for Ohio: Job Creation, Economic Recovery, and Long-Term Sustainability was published by the Political Economy Research Institute (PERI) in October, written by Robert Pollin and co-authors Jeannette Wicks-Lim, Shouvik Chakraborty, and Gregor Semieniuk. To achieve a 50 percent reduction relative to 2008 emissions by 2030, the authors propose public and private investment programs, and then estimate the job creation benefits to 2030. “Our annual average job estimates for 2021 – 2030 include: 165,000 jobs per year through $21 billion in spending on energy efficiency and clean renewable energy; 30,000 jobs per year through investing $3.5 billion in manufacturing and public infrastructure. 43,000 jobs per year through investing $3.5 billion in land restoration and agriculture. The total employment creation through clean energy, manufacturing/infrastructure and land restoration/agriculture will total to about 235,000 jobs. “ 

There are almost 50,000 workers currently working in the Ohio fossil fuel and bioenergy industries, with an estimated 1,000 per year who will be displaced through declining fossil fuel demand. As he has before, Pollin advocates for a Just Transition program which includes: Pension guarantees; Retraining; Re-employment for displaced workers through an employment guarantee, with 100 percent wage insurance; Relocation support; and full just transition support for older workers who choose to work past age 65. The report estimates the average costs of supporting approximately 1,000 workers per year in such transition programs will amount to approximately $145 million per year (or $145,000 per worker).

By Robert Pollin, Jeannette Wicks-Lim, Shouvik Chakraborty, and Gregor Semieniuk - Political Economy Research Institute, October 2020

The COVID-19 pandemic has generated severe public health and economic impacts in Ohio, as with most everywhere else in the United States. This study proposes a recovery program for Ohio that is capable of exerting an effective counterforce against the state’s economic collapse in the short run while also building a durable foundation for an economically viable and ecologically sustainable longer-term recovery. Even under current pandemic conditions, we cannot forget that we have truly limited time to take decisive action around climate change. As we show, a robust climate stabilization project for Ohio will also serve as a major engine of economic recovery and expanding opportunities throughout the state.

The study is divided into five parts:

1. Pandemic, Economic Collapse, and Conditions for Reopening Ohio
2. Clean Energy Investments, Job Creation and Just Transition
3. Investment Programs for Manufacturing, Infrastructure, Land Restoration and Agriculture
4. Total Job Creation in Ohio through Combined Investments
5. Financing a Fair and Sustainable Recovery Program

Read the text (PDF).

By Robert Pollin and Shouvik Chakraborty - The Prying Mantis, September 2020

In a Sierra Club commissioned report, PERI's Robert Pollin and Shouvik Chakraborty estimate the employment impacts of a $6 trillion, 10-year economic stimulus program designed by the Sierra Club and other civil society organizations. Pollin and Chakraborty estimate that spending at about $600 billion per year for 10 years would generate about 4.6 million jobs annually to upgrade American infrastructure, and another 4.5 million jobs annually to transition the country to a clean energy economy.

The report assumes the public investment in clean energy would be matched equally by another $300 billion per year in private sector clean energy investments. This would generate another 4.5 million jobs per year for 10 years.

Read the text (PDF).

By Robert Pollin, Jeannette Wicks-Lim, Shouvik Chakraborty, and Gregor Semieniuk - Political Economic Research Institute, August 27, 2020

The COVID-19 pandemic has generated severe public health and economic impacts in Maine, as with most everywhere else in the United States. This study proposes a recovery program for Maine that is capable of exerting an effective counterforce against the state’s economic collapse in the short run while also building a durable foundation for an economically viable and ecologically sustainable longer-term recovery. Even under current pandemic conditions, we cannot forget that we have truly limited time to take decisive action around climate change. As we show, a robust climate stabilization project for Maine will also serve as a major engine of economic recovery and expanding opportunities throughout the state.

The study includes three sections:

• 1. Economic Stimulus through Restoring Public Health;
• 2. Clean Energy Investments, Public Infrastructure Investments, and Jobs; and
• 3. Financing a Fair and Sustainable Recovery Program.

By Robert Pollin, Jeannette Wicks-Lim, Shouvik Chakraborty, and Tyler Hansen - Department of Economics and Political Economy Research Institute (PERI), April 2019

This study examines the prospects for a transformative green growth program for Colorado. The centerpiece of the program is clean energy investments—i.e. investments to raise energy efficiency levels and expand the supply of clean renewable energy sources. These investments should be undertaken in combination by the public and private sectors throughout the state. This program can advance two fundamental goals: 1) promoting global climate stabilization by reducing carbon dioxide (CO₂) emissions in Colorado without increasing emissions outside of the state; and 2) expanding good job opportunities throughout the state while the state’s economy continues to grow. The program is specifically designed to reduce Colorado’s CO₂ emissions by 50 percent as of 2030 and by 90 percent as of 2050 relative to the state’s 2005 emissions level while the economy grows at an average annual rate of 2.4 percent. The consumption of oil, natural gas and coal to generate energy will need to fall sharply in Colorado, since CO₂ emissions result through the combustion of fossil fuels.

We estimate that total investments in energy efficiency and renewable energy will need to average about $14.5 billion per year between 2021 – 2030, equal to about 3.5 percent of Colorado’s average annual GDP over those years. These investments will generate about 100,000 jobs per year in the state. New job opportunities will be created in a wide range of areas, including construction, sales, management, production, engineering and office support. At the same time, the contraction of the state’s fossil fuel related industries will generate about 700 job losses per year, of which about 600 will be non-managerial jobs. We develop a Just Transition program for workers impacted by the contraction of the state’s fossil fuel industries. The program includes: pension guarantees for retired workers who are covered by employer-financed pensions; retraining to assist displaced workers to obtain the skills needed for a new job and 100 percent wage replacement while training; re-employment for displaced workers through an employment guarantee, with 100 percent wage insurance; and relocation support as needed. We also propose a broader set of policies to meet the state’s emissions reduction goals. These include a carbon tax; strengthening the state’s existing energy efficiency and renewable portfolio standards; strengthening existing procurement programs for clean energy public investments; increasing financial subsidies for clean energy investments; expanding the state’s worker training programs for clean energy employment opportunities; and channeling a disproportionate share of new clean energy investments into communities that will be significantly impacted by the contraction of the state’s fossil fuel related industries.

Read the text (PDF).

By Robert Pollin, Heidi Garrett-Peltier, and Jeannette Wicks-Lim - Political Economy Research Institute, December 4, 2017

This study examines the prospects for a transformative Green New Deal project for Washington State.  The centerpiece of the Green New Deal will be clean energy investments—i.e. both investments in the areas of renewable energy and energy efficiency.  The first aim of this Green New Deal project is to achieve a 40 percent reduction in all human-caused carbon dioxide (CO₂) emissions in Washington State relative to the state's 2014 emissions level.  The second aim is to achieve this 2035 CO₂ emission reduction standard while also supporting existing employment levels, expanding job opportunities and raising average living standards throughout Washington State.   

We estimate that clean energy investments in Washington State that would be sufficient to put the state on a true climate stabilization trajectory will generate about 40,000 jobs per year within the state.   We consider a series of policies to support this state-level Green New Deal program.  These include a carbon tax, which we estimate can raise an average of about $900 million per year even with a low-end tax rate of $15 per ton of carbon.   We also consider a series of regulatory policies, direct public spending measures, and private investment incentives.

Read the text (PDF).

By Robert Pollin, Heidi Garrett-Peltier, and Jeannette Wicks-Lim - Political Economy Research Institute (PERI) - November 2017

This study examines the prospects for transformative clean energy investment projects for New York State. Taken as a whole, these investments should be understood as a major initiative within the state to advance the fundamental goal of global climate stabilization. These investments should be undertaken by both the public and private sectors in New York State, supported by a combination of public investments and incentives for private investors.

This study builds from New York State’s existing Reforming the Energy Vision (REV) project and the New York State Energy Plan, which fleshed out a policy agenda based on the REV project. Governor Andrew Cuomo first presented the REV program in April 2014 and reaffirmed New York State’s commitments in June 2017. The primary goals of the REV program, which are targeted to be achieved by 2030 in New York State, include: 1) a 40 percent reduction in all greenhouse gas emissions; 2) generating 50 percent of all electricity from renewable energy sources; and 3) achieving a 23 percent improvement in energy efficiency in buildings relative to the 2012 level.

The REV goals and the State Energy Plan are unquestionably significant starting points for advancing clean energy policies in New York State. But they are not adequate to enable the state to achieve emissions reduction goals that meet the challenges we face with global climate change. As such, this study works from a more ambitious set of goals, both in terms of emissions reductions and in achieving broader positive impacts with respect to expanding job opportunities and raising living standards throughout New York State.

The first specific aim on which we focus in this study is to achieve, by 2030, a 50 percent reduction below the 1990 level in all human-caused CO2 emissions in New York State, along with comparable reductions in methane emissions resulting from natural gas extraction.

The second, equally important, goal is to achieve the 2030 CO2 emission reduction standard while also expanding job opportunities and raising average living standards throughout New York State. The expansion of clean energy investments will need to focus on 1) dramatically improving energy efficiency standards in New York’s stock of buildings, automobiles and public transportation systems, and industrial production processes; and 2) equally dramatically expanding the supply of clean renewable energy sources—primarily wind, solar, and geothermal power—available at competitive prices to all sectors of New York State’s economy.

In addition to these goals for 2030, this study also explores the prospects for achieving the longer-term aim of bringing CO2 emissions in New York State down to zero by 2050, while, again, concurrently expanding job opportunities and raising average living standards throughout the state.

Read the Report (PDF).

Chris Williams and Robert Pollin interviewed by Jessica Desvarieux - The Real News Network, July 30, 2014

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’s.

Biography

Chris Williams is a long-time environmental activist and author of Ecology and Socialism: Solutions to Capitalist Ecological Crisis. He is chair of the science department at Packer Collegiate Institute and adjunct professor at Pace University, in the Department of Chemistry and Physical Science. His writings have appeared in numerous publications, including TruthOut, Z Magazine, Green Left Weekly, Alternet, CommonDreams, ClimateAndCapitalism, ClimateStoryTellers, The Indypendent, Dissident Voice, International Socialist Review, Socialist Worker, and ZNet. He reported from Fukushima in 2011 and was a Lannan writer-in-residence in Marfa, Texas over the summer of 2012, where he began work on his second book. He was awarded the Lannan 2013-4 Cultural Freedom Fellowship to continue this work. He has just returned from four months in Vietnam, Morocco and Bolivia, examining the impact of economic development and climate change in relation to energy, food and water issues.

Robert Pollin is professor of economics at the University of Massachusetts Amherst. He is the founding co-director of the Political Economy Research Institute (PERI). His research centers on macroeconomics, conditions for low-wage workers in the US and globally, the analysis of financial markets, and the economics of building a clean-energy economy in the US. His latest book is Back to Full Employment. Other books include A Measure of Fairness: The Economics of Living Wages and Minimum Wages in the United States and Contours of Descent: US Economic Fractures and the Landscape of Global Austerity.