A report from the Brookings Institution is critical of government’s role in the clean economy. It says governments, policymakers and regional leaders should catalyze faster and broader growth. Analysts say that while the private sector will play the lead role - governments have a role too. There are significant U.S. policy uncertainties. They say policy gaps are weakening market demand for clean economy goods and services.
The report - Sizing the Clean Economy: A National and Regional Green Jobs Assessment - shows that the clean economy employs some 2.7- million workers and encompasses a significant number of jobs in establishments spread across a diverse group of industries. The report notes - though modest in size - the clean economy employs more workers than the fossil fuel industry and bulks larger than bioscience - but remains smaller than the IT-producing sectors.
The Brookings Institution report concludes that vigorous private sector-led growth needs to be co-promoted through complementary engagements by all levels of the nation's federal system to ensure the existence of well-structured markets, a favorable investment climate and a rich stock of cutting-edge technology as well as strong regional cast to all efforts.