Of the roughly $90 billion dollars set aside for clean energy investments in the Recovery Act, only about a third of that money has been spent so far, creating roughly 63,000 green jobs.
That’s the half-empty (or one-third-empty) view. The upside is that the remainder of those funds should be spent over the next two years, creating an additional 720,000 jobs, according to a Christian Science Monitor report.
As with most government projects, putting the systems and paperwork into place to spend the funds took longer than expected. But the process seems to be moving now.
The effects of funding over the last year have not been largely visible, because they did not lead to vast growth in renewable sectors like wind and solar–but rather, they kept these sectors from crashing during the economic downturn.
Still, the US has a long ways to go before it has a robust clean energy industry capable of meeting domestic demand and–ideally–producing exports.
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