With
the New Year upon us, and President Obama entering his second term, it got me
thinking about our economy and what the next four years will bring.
One of my clients is the Tennessee Valley Authority and I have been learning a lot about energy, nuclear power and overall renewable energy such as wind, solar and clean coal. The company is the only public power company in the US and is a quasi- government agency. It was started in 1933 by President FDR to bring affordable energy to areas in the Tennessee Valley that had been hardest hit by the Great Depression. (As a history buff, I love working with these kids of clients!) Its mission is as clear today as it was 80-years ago, to bring clean and affordable energy to all!
We
have definitely seen that in the past, energy has been a way to alleviate
poverty in our own country like in areas of the Tennessee Valley, but also more
recently in developing countries like Haiti.
Former
President Clinton has stated that distributed solar generation could help
farmers and other impoverished people avoid high electricity rates and lack of
grid access. Others have said
that a focus on renewable energy is the surest way to create jobs, cut the
trade deficit by up to 50 percent, and fight global warming. America has
enormous capacity to generate energy from clean sources and, now more than
ever, to take advantage of the large number of entrepreneurs, innovators, and
financiers committed to a clean-energy future.
I read
in other research findings that every billion dollars invested in a new
coal-fired plant yields 870 new jobs. The same amount invested in solar creates
1,900 jobs; in wind, 3,300 jobs (if the turbines and blades are made in the
country where they're put up); in big building retrofits, 7,000 in home
retrofits, up to 8,000 jobs.
Here
in my home city NYC, the Empire State Building completed a comprehensive energy
overhaul. The project put 275 people to work, doing things like changing the
heating and air-conditioning system, putting new, more efficient glass in the
windows; and installing new lighting.
I hope that we can
get it together and realize the impact that this can have on our environment,
our workforce, our economy and our people.


