February, 2009 | Posted by: Ry
As reported by InvestorIdeas.com, the non-profit American Solar Energy Society (ASES) and Washington D.C. research firm - Management Information Services Inc. - have published an optimistic report covering the renewable energy and energy efficiency industries.
Referred to as the ASES Green Collar Jobs Report, promising figures show that over 9 million jobs and over $1,045 billion in revenue was generated by the renewable energy and energy efficiency sectors. This was up from $972 billion and 8.5 million jobs in 2006.
With a growth rate three times faster than the U.S. economy, renewable energy technologies are bound to play a major role in jumpstarting economic growth once again.
Specifically, the solar thermal, photovoltaic, biodiesel and ethanol sectors each showed 25% growth in annual revenues, while solar, wind, biofuel, and fuel cell technologies have been showing the most promise.
So much so, in fact, ASES is forecasting that over 37 million jobs, including mechanical engineers, environmental scientists, electricians and construction workers, could be created in the renewable energy sector by the year 2030 - accounting for a whopping 17% of all anticipated U.S. employment.
Considering that 95% of current jobs are in the private renewable energy sector, if and when the U.S. government starts leading the way and implementing federal policies to develop and integrate renewable energy technologies, the U.S. economy could very well be a green economy.