Last year, California reported that green jobs grew by 5 percent between 2007 and 2008, while total jobs declined by 1 percent. A report by Collaborative Economics for Next 10, a Palo Alto-based nonprofit, studied the state’s “core green economy” and determined that the number of green companies grew 45 percent between 1995 and 2008, simultaneously increasing jobs in renewables, energy efficiency and clean tech by as much as 36 percent.
Even more interesting: While a majority of these jobs existed before the recession, new positions such as energy auditors, solar panel installers and energy efficiency experts were created as well. And it’s not all blue collar either. According to the report, service-based green jobs, such as environmental consulting, made up 45 percent of green employment, while manufacturing, focused in energy efficiency and energy generation, accounted for another 21 percent.
These statistics from years when job growth was minimal across the country are encouraging if not downright uplifting. Chris Russell, who is the man behind job search sites like greenjobspider.com spoke to Vault recently on why “green” is the next great job market:
1. The private sector views the clean energy economy as a significant opportunity. Venture capital investment in clean technology reached a total of about $12.6 billion by the end of 2008. In 2008 alone, investors directed $5.9 billion into American businesses in this sector, a 48% increase over 2007 investment totals.
2. The U.S. government has invested 80 billion dollars for research and development of clean energy technology.
3. Legislation in certain states is being passed to require a certain percentage of renewable energy use.
4. Bloom Energy, a Silicon Valley fuel cell start-up has received $400 million in VC funds. When is the last time a start-up got that much cash?
5. The country has never been more energy conscious than it is today. People want to save money by being more energy efficient.
6. The number of jobs in America’s emerging clean energy economy grew nearly two-and-a-half times faster than overall jobs between 1998 and 2007.
7. The U.S. will eventually adopt a national standard mandating that we use renewable energy.
Links
http://www.vault.com/wps/portal/usa/blogs/entry-detail/?blog_id=1462&entry_id=11060
http://www.vault.com/wps/portal/usa/blogs/entry-detail/?blog_id=1462&entry_id=10582
http://www.vault.com/wps/portal/usa/blogs/entry-detail/?blog_id=1462&entry_id=10529
Thank you
Aman Singh, Vault.com Corporate Social Responsibility (CSR) Editor
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