The Essentia Blog

According to a recently released study by the Center for Energy, Resources and Economic Sustainability at the University of California, Berkeley, green initiatives at the state level created jobs in the private sector.  With consumers able to reduce energy spending, that spending was redirected to other demands.

The number that Berkeley came up with was $44.6 billion, of which $1.2 billion was in the light industrial sector, $11.2 billion was in wholesale and retail trade, $7.3 billion was in the financial and insurance sectors and $17.8 billion was in the service sector.  The study primarily focused on household spending and how the spending habits changed after money was removed from the electric bill.