Bright Outlook for the Clean Economy

June 14, 2009 at 6:10 pm Leave a comment

The new “Clean Energy Economy” report from Pew has some fantastic information for companies looking to tap into the emerging clean economy.   The report defines the clean economy and provides a framework to track investments, job and business creation, and growth over time. This is said to be the the most precise depiction the clean energy economy in this country.

The report find that clean energy jobs grew 9.1% while traditional jobs grew only 3.7% 1998 and 2007. Looking ahead the  that this sector is emerging as a vital component of America’s new economic landscape.

Some of the highlights from the report include:

  • 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,
  • ‘The clean energy economy is poised for explosive growth,’ said Lori Grange, interim deputy director of the Pew Center
  • 2008 alone, investors directed $5.9bn into American businesses in the clean energy economy, a figure that represents a 48 percent increase over 2007 investment totals and accounts for 15 per cent of all global venture capital investments.
  • 65% of today’s clean energy economy jobs are in the category of Conservation and Pollution Mitigation, but  80% of venture capital investments in 2008 were in the sectors of Clean Energy and Energy Efficiency
  • Large and growing. Twelve states have large and growing clean energy economies: Their numbers of jobs in the clean energy economy in 2007 exceeded the national average and have grown by an average of 1 percent annually. These states’ clean energy economies are expanding at a moderate but steady rate, and they have a strong foundation on which to build. These states are California, Florida, Georgia, Indiana, Massachusetts, Michigan, Minnesota, North Carolina,

The free Pew report can be downloaded here. This 62 page document presents the finding of the study and  provides specific job data for each state.  A  complementary website lets you drill down to the data on the state level.

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