How many jobs?
When sponsors of the Climate Commitment Act (CCA) talk about “climate, jobs and justice”, just how many jobs are they talking about? And what kind of jobs would those be?
For guidance, let’s look at modeling based on the Building Back Better report’s Resilient Recovery Portfolio . That analysis shows that a portfolio of the type that the CCA (SB 5126) could fund, would not only protect jobs but also generate up to 195,000 full-time-equivalent job-years and generate up to $13 billion in employee compensation through 2030:
Those are expected to be family-wage jobs, and because they will be on projects funded by CCA investments that prioritize overburdened communities, those jobs will benefit low-income communities, tribes and rural areas. Job creation is expected in areas that emphasize local labor, leading to $17 billion in total value added to the economy, such as infrastructure, transit, agriculture, forestry and shipbuilding projects:
For a deeper dive into the details of the analytical modeling, read the full Building Back Better Resilient Recovery Portfolio report here.
For a quick summary of the jobs, climate and health benefits expected from the CCA, see — and share — this one-pager: