"America’s ‘Green Economy’ Is Now Worth $1.3 Trillion"

"A new national database for clean business says U.S. industry is leading the way, but China isn’t far behind."

"If the U.S. wants to extend economic growth, it should double down on cleaning up the environment and fighting climate change, which are fueling both jobs and revenue, according to a new analysis by University College London researchers.  

“Don’t listen to the political rhetoric,” said Mark Maslin, a professor of geography and one of the authors behind the study published Tuesday. “Just look at the data and be hard-nosed about it, and say, ‘Okay, if we’re going to support the economy and make it grow and have lots of employment, this is where I need to invest.’”

For years, there’s been a major technical difficulty with charting progress in the “green economy:” the U.S. doesn’t measure it. Part of the blame lies with Congress, which as part of 2013 budget cuts eliminated funding for data-collection on “green goods and services.”"

Eric Roston reports for Bloomberg October 15, 2019.

Source: Bloomberg, 10/16/2019