"Leaders at companies that develop low-carbon energy told a Senate panel that climate legislation would create millions of new jobs, but lawmakers from fossil-fuel dependent states said the bill would hit employment in the traditional energy economy.
Climate change presents a global crisis, but "can also provide an economic opportunity of vast proportions," Dan Reicher, director of climate change initiatives at Google told the Senate Committee on Environment and Public Works.
Besides creating new jobs in solar, wind and geothermal power, he said national regulation of greenhouse gases could help push investments to develop an efficient and robust power grid that would combine with information from the Internet.
That would create new jobs in new technologies across a range of companies, he said. The Web could send information from the 'smart grid' to help consumers save money on power bills during peak demand periods and help them determine the cheapest time to charge electric cars that would cut emissions and oil imports."