Green Jobs for the Chemical Industry
Question: Does creating green jobs in the chemical industry promote job growth?
This week a new report was released by the BlueGreen Alliance titled: The Economic Benefits of Green Chemical Industry in the United States. Showcasing that chemistry policy reform would create jobs and promote innovation. It addresses the concern that many have about chemical policy reform cutting jobs and stifling innovation. The authors demonstrates that innovation in sustainable chemistry would bring new opportunities. The chemical industry is a valuable part of our economic security because of its prevalence in our everyday lives from bringing products to consumers, to mitigating the impact of products on health and the environment. If we can transition to a more sustainable chemical policy, it will reduce the number of hazardous chemicals, promote innovation that will protect people’s heath and the environment.
The authors of the report claim that the current Toxic Substances Control Act of 1976 (TSCA) is weak, making it nearly impossible for the Environmental Protection Agency (EPA) to oversee and regulate the development and marketing of chemicals it has not already proven to be harmful. Last month, Senate Democrats introduced a reformed TSCA that would require the EPA to collect basic health and safety information for 80,000+ chemicals already on the market and new compounds. The authors claim that a stricter TSCA would put US manufacturers on par with Canada and European regulations, forcing the industry to develop more innovative products, leading to new markets. However, as an article in iWatch points out, there needs to be a balance in regulation so that it does not become cumbersome.
Green innovative products are increasingly becoming essential to protect the health and well-being of consumers and the environment; however, perhaps we might need more than the forceful hand of regulations to drive the enduser, investors, buisnesses to want these green products and emerging markets.