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Thursday 10 November 2011

Renewable energy spurts growth in job creation

The American job market has left many people feeling uncertain and the recorded job losses along with the dreary economic forecast has pushed the focus on renewable energy.


The 2008 law mandates at least 25 percent of all electricity sold in the state by 2025 come from alternative energy, of which half must come from renewable sources like solar, wind, hydropower, geothermal or biomass. The remaining half can be met through other ways, such as energy-efficiency programs, clean coal technology or fuel cells.

While there was an exodus in manufacturing throughout the last decade, growth in the clean energy economy was significant. Even during the worst economic downturn since the Great Depression, the clean economy grew by 2.5 percent annually since 2003.   As of 2010, there are over 105,000 jobs in the clean economy, with 106 businesses in the wind power supply chain business — meaning they make components that go into wind turbines — and 63 businesses in the solar power industry.

Rocky Mountain Institute said, U.S. solar photovoltaic installation increased 64 percent between 2005 and 2010. The institute estimates that the U.S. already has more than 90,000 direct or indirect jobs in the manufacturing and installation of solar panels, with another 85,000 jobs in wind power.

According to Marjorie Kass, MXenergy managing director of marketing, “The focus on renewable and clean energy and sustainability has led to tremendous growth in these industries over the past several years,  all indications are that growth is expected to continue which will mean the need for trained, experienced personnel."

In Ohio clean energy is growing jobs, and much of that growth is the state’s openness and forward-thinking policies towards renewables.

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