New York Construction Report staff writer
New York could see more than 300,000 new jobs, led by growth in construction and transit, if the state moves forward with the Clean Air Initiative, according to a new analysis from the Environmental Defense Fund and Greenline Insights.
The report estimates that investments made through the proposed cap-and-invest program would drive job creation in building decarbonization, clean energy infrastructure and clean transportation, while also delivering billions of dollars in household savings and broader economic growth across the state.
The Clean Air Initiative would place a statewide limit on pollution from major emitters and require companies to pay for each ton of emissions. Revenue would be reinvested in clean energy and efficiency projects intended to lower energy costs, improve public health and reduce emissions. The program has not yet launched…