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40M US green jobs by 2030

Posted Wednesday, May 27th, 2009 by admin

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By: Jordana Levine

In 2006, there were 8.5 million Americans working in Renewable Energy and Energy Efficiency (RE & EE) industries. By 2030, the country could potentially have up to 40 million green collar jobs.  That’s one in four Americans bringing in a total of $4.5 trillion in revenue for the US instead of the $970 billion in 2006.

Renewable Energy and Energy Efficiency: Economic Drivers for the 21st Century, released by the American Solar Energy Society (ASES), discusses the importance of making RE&EE jobs available.  The report describes different types of jobs in the industry and the plethora of positions that could be available in the next couple of decades.

Roger Bezdek, the principal investigator of the study, stresses the importance of investing in RE&EE industries before other countries take the lead and reap economic and environmental benefits before the US gets the chance.  If little action is taken, there will be almost no increase in jobs and revenue, but if the US “pushes the envelope,” it could lead to a 30% increase in the amount of RE available and EE products b 2030.

The predictions include both direct and indirect jobs.  Direct jobs involve people working for a solar company, say building solar panels. An indirect job would involve someone working for a company that sells silicon to the solar company.

The report also examines job levels in:

* Federal, state, local, non-governmental  organizations and foundations.

* Manufacturers of energy efficiency (EE) products.

* Renewable Energy (RE) technologies include hydroelectricity, biomass, geothermal, wind, photovoltaic and solar thermal energy.  In 2006, renewable energy made up only 6% of US energy.

The report uses Ohio as a case study.  Over 10 years, overall US employment has increased more than five times as fast as Ohio’s.  However, a significant boost in RE&EE employment could increase the state’s number of jobs by over 1.7 million and revenues by over $220 billion.

All jobs in a renewable energy company, may not seem ‘green’ — for instance the majority of jobs created by the RE&EE industry are ’standard’ jobs, such as accountants, clerks, secretaries, cashiers, factory workers and truck drivers.  In fact, the report explains that there are many more ’standard’ jobs that will be created compared to ones you would naturally think are ‘green’ such as those for biochemists, environmental engineers, conservation workers and other environmentally specialized positions. ‘Standard’ jobs created in green industries are counted as ‘green’ jobs in the report.

$150B/yr Investment in Building Efficiency gives 2X long-term return of stocks

Posted Thursday, May 21st, 2009 by admin

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A $150 billion a year can be invested in energy efficiency retrofits of buildings in six major markets with returns substantially better than the stock market and real estate investing.

In 2008 buildings account for 40% of the world’s energy use — resulting carbon emissions substantially greater than those from the transportation sector.

Aggressive reductions in energy use in buildings in order to reduce the planet’s energy-related carbon footprint by 77% (or 48 Gigatons) by 2050 to stabilize CO2 levels as called for by the Intergovernmental Panel on Climate Change (IPCC).

At $US60 per barrel oil, $150 billion a year can be invested building energy efficiency in the six markets which will reduce energy use and carbon footprints by 40% with five year discounted paybacks. That’s a 20% internal rate of return (IRR) – better than the long-term historical stock market returns (10% IRR) and better than real estate investment (16% IRR).

A further US$ 150 billion a year can be invested with paybacks between five and 10 years (10% to 20% IRR) will further reduce energy use and carbon emissions by 12% and bring the total reduction to slightly more than half.

Energy Efficiency in Buildings: Transforming the Market released May 2009 developed by World Business Council for Sustainable Development (WBCSD) and published by Continental Automated Buildings Association (CABA) focused on six markets that produce more than half of the world’s GDP and generate almost two-thirds of global primary energy: Brazil, China, Europe, India, Japan and the US.

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