The U.S. could create jobs and go net-zero by investing in electric car and heat pump manufacturing, ... [+] the Princeton study will say. That’s less than a third of the cost so far of the federal response to the coronavirus pandemic, said Assistant Professor Jesse D. Jenkins of Princeton’s Net-Zero America Project. The U.S. could leverage the zero interest-rate environment to re-tool American manufacturing to make electric cars and heat pumps. “The coronavirus has caused a profound shock to our economy, and I want to be clear this clean-energy effort alone cannot put America back to work,” Jenkins said. “Nor will near-term stimulus measures over the next few years be sufficient to fund the decades-long effort to build a net-zero carbon economy.

Source: Forbes July 28, 2020 03:56 UTC