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Massachusetts Leads Green Economy by Example

The keys to a green economy are both stringent environmental regulations and an intelligent, results-oriented program of governmental incentives and reduction of greenhouse gas emissions.

 

These goals can be accomplished by a state government setting an example renovating its existing buildings, and constructing future buildings sustainability. A rigorous cap should be placed on greenhouse gas emissions for all sectors, from offices to industry. Finally, the state can invest in renewable energy supplies, converting residences and businesses from fossil fuel power.

A combination of tax rebates, tax free purchases, and state and federal funding can enable the inflow of cash to state economies. When money is flowing in, jobs can be offered, debt can be repaid and revenue can be earned for businesses as well as the state.

Massachusetts has taken these principles and applied them aggressively, positioning the state as a key player, if not a leader, in America's green economy movement.

By implementing the Green Jobs Act of 2008, the state met the criteria above by sending in $68 million in grants and state funding for green jobs, much of which is expected to be in clean energy. Approximately 10,000 new clean energy jobs are estimated for the state that will allow consumers to spend money and the state to get back $50 million each year from income taxes, as reported by the Valley Advocate.

Massachusetts also passed the Global Warming Solutions Act of 2008 that delivers on the environmental regulations criterion needed to move the country into sustainable operations. The Act requires curbing greenhouse gas emissions by a whopping 80 percent from 1990 levels by 2050. Organizations need to start responding to this now or eventually face the prospect of rapidly making up for the continued pollution, which could mean a rigorous reduction plan as the deadline approaches.

But, it appears as though many businesses are ready and even eager to meet these challenges. Startups are launching, academia is educating, and city governments are planning. Thomas Friedman of The New York Times, testifies, “green is the new red, white and blue.” Well, if that is true, the blue and white collar will find America new energy supplies, build green buildings, and lift companies from the red.

Image: AnyFlag.com

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