A national study undertaken by the University of Tennessee Department of Agricultural Economics shows that if America's farms, ranches and forestlands can meet 25% of the nation's energy needs with renewable resources an estimated $700 billion in new, annual economic activity would be generated, and 4 million to 5 million new jobs would be created.
"Through the creation of a 25x'25 energy future, we can stimulate the economy and put hundreds of thousands of Americans back to work," says Read Smith, co-chairman of the National 25x'25 Steering Committee. "Let's not bury our heads in the sand during these very challenging times. We have solutions that we can bring to the economic recovery table."
Many analysts and government leaders say that now is the best opportunity to implement renewable energy and energy efficiency initiatives that can drive and maintain economic recovery. The National 25x'25
Another strong indicator of renewable energy development's potential to strengthen the economy comes from the Department of Energy, which looked at just wind energy and concluded that it is capable of becoming a major contributor to