Expanded Employment and Economic Activity from Renewable Energy
Summary . Several economic analyses of the expanding role of renewable energy in the U. S. are described here. A meta-analysis by Wei and coworkers finds that over 4 million full time equivalent job-years will accumulate between 2009 and 2030. Past experience by California , extending from 1976, has already shown that major savings occur by energy efficiency measures that reduce consumption of electricity; redirecting these savings results in significant expansion of jobs related to renewable energy. Although wind energy is currently only a small component of the overall energy mix, it has the potential, between land-based and offshore wind generation, of providing as much as 20% of America ’s electricity by 2030 with attendant job creation. Solar energy comprises an extended retail market as well as utility-scale generation. Currently most employment in solar is retail. Utility-scale generation and employment will grow significantly i...