The fundamental challenge in this recession is that the growth that preceded it was a mirage. Bubble era borrowing created a network of financial jobs, real estate jobs and construction jobs that collapsed with the end of the bubble. Many of those jobs will never return.
An extremely high proportion (75%) of job losses in this recession are permanent rather than temporary. States will need to nurture completely new industry sectors and the infrastructure to support those jobs, while the jobless will need retraining in new skills to participate in those sectors.
Rhode Island’s HB 7407, now Public
Law No. 2010-203, creates the Green Economy Roundtable to advise
and assist the Governor and General Assembly in advancing Rhode Island’s
green energy economy by developing a statewide action plan.
California unanimously approved its Green Building Standards Code dubbed “CalGreen,” making it the first state to enact a mandatory green building law. Effective January 1, 2011, Calgreen
requires that every new building reduce water consumption by 20
percent, divert 50 percent of construction waste from landfills, and
install low pollutant-emitting materials and water saving plumbing