ASES Points To Sector’s Explosive Growth

Posted by SI Staff on November 08, 2007 No Comments
Categories : New & Noteworthy

According to a recent report from the American Solar Energy Society, as many as one out of four workers in the U.S. will be working in the renewable energy or energy efficiency industries by 2030. The report notes that these industries already generate 8.5 million jobs in the U.S. and are growing rapidly.

"The green collar job boom is here," says Neal Lurie, director of marketing for the American Solar Energy Society.

Key findings of the report include:

  • By 2030, the renewable energy and energy efficiency industries could generate up to $4.5 trillion in revenue in the U.S., but only with the appropriate public policy, including a renewable portfolio standard, renewable energy incentives, public education and R&D.

  • The 40 million jobs that could be created in renewable energy and energy efficiency by 2030 are not just engineering-related, but also include millions of new jobs in manufacturing, construction, accounting and management.

  • Renewable energy and energy efficiency industries today generate nearly $1 trillion in revenue in the U.S., contributing more than $150 billion in tax revenue at the federal, state and local levels.

  • Revenue from the energy efficiency sector – including from energy-efficient windows, appliances, insulation and recycling – is currently larger than revenue from renewable energy, but the renewable energy industry is growing much more quickly.

  • Solar, wind, ethanol and fuel cells are likely to be some of the hottest areas of growth.

The full report can be accessed at www.ases.org.

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