Updated Report: Renewable Energy Technologies Could Net 4.5 Million Jobs in US

10/30/2009

According to a report released on Oct. 22 by the American Solar Energy Society (ASES), investment in energy efficiency and renewable energy technologies could result in a net gain of about 4.5 million jobs in the United States over the next 20 years. The report is based on a 2007 study conducted by ASES, which detailed the potential benefits of an aggressive climate change strategy. Though that study at the time estimated the renewable energy and energy efficiency sectors could create an aggregate 40 million new jobs and generate up to $4.5 trillion in revenue by 2030, the latest report takes into account that some jobs will be lost in carbon-heavy industries.

Some findings of the report include:

  • The aggressive deployment of renewable energy and energy efficiency will net 4.5 million new jobs by 2030, and this is not limited to certain regions or sectors – instead, the jobs would be widely dispersed throughout the US in virtually all industries and occupations.
  • Hot jobs given this new economic growth span a diverse range of skills and experience, including: electricians, plumbers, carpenters, administrative assistants, machinists, cashiers, management analysts, civil engineers, and sheet metal workers.
  • Renewable energy and energy efficient technologies could displace about 1.2 billion tons of carbon emissions annually by 2030 – the amount scientists believe is necessary to prevent the most dangerous consequences of climate change.
  • About 57 percent of carbon emissions cuts would be from energy efficiency and 43 percent would be from renewable energy.
  • Energy efficiency measures can allow US carbon emissions to remain about level through 2030, while renewable technologies can provide large reductions in carbon emissions below current levels.
  • Industries showing the largest job gains include: construction, farming, professional services, public sector, retail, truck transportation, fabricated metals and electrical equipment.
  • The construction industry directly benefits from almost all of the growing renewable energy and energy efficiency sectors as well as from improvements in overall economic growth due to energy savings; farming directly benefits from biomass and biofuel technology growth.
  • Many of these jobs can not be easily outsourced due to the on-site nature required by these roles.
  • The greatest numbers of renewable energy jobs are generated by solar photovoltaics, biofuels, biomass, and concentrating solar power sectors.
Employment growth also likely would be seen at state and local government employers, on farms, and in the professional, scientific, and technical services sector, according to the report. The authors assert that while some of the jobs likely would be highly specialized or technical, between 80 and 95 percent would be jobs that could be performed by workers without specialized training.

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