Clean Energy Economy

The emerging clean energy economy is creating well-paying jobs in every state for people of all skill levels and educational backgrounds.  This emerging sector is poised to expand significantly, driven by increasing consumer demand, venture capital infusions, and federal and state policy reforms.

Between 1998 and 2007, jobs in the clean energy economy grew at a national rate of 9.1 percent while traditional jobs grew by only 3.7 percent.  By 2007, more than 68,200 businesses across all 50 states and the District of Columbia accounted for more than 770,000 jobs, despite a lack of sustained government support in the past decade.

The private sector views the clean energy economy as a significant and expanding market opportunity.  Venture capital investment in clean technology reached a total of about $12.6 billion by the end of 2008. In 2008 alone, investors directed $5.9 billion into American businesses in this sector, a 48 percent increase over 2007 investment totals.

Federal and state lawmakers also see the sector as helping to spur America’s economic recovery and protect the environment. States will receive a major infusion of federal funds through the recently enacted American Recovery and Reinvestment Act, and every state offers some form of financial incentive to drive its clean energy economy.

Note:  Download slides (PDF) from the Clean Energy Economy conference call.  View the State-by-State Rankings (PDF).

Report

  • Issue to Watch: Renewable Energy

    Jan 25, 2013 - Four states are considering major renewable energy proposals.

  • Who’s Winning the Clean Energy Race?

    Mar 24, 2010 - A new report from the Pew Environment Group documents the dawning of a new worldwide industry—clean energy—which has experienced investment growth of 230 percent since 2005.

  • The Clean Energy Economy

    Jun 10, 2009 - 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. In a new report, Pew provides the first-ever hard count across the 50 states of the actual jobs, companies and venture capital investments that supply the growing market demand for environmentally friendly jobs, products and services.

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CLEAN ENERGY ECONOMY

Track your state’s share of the clean energy economy using Trends to Watch. The Clean Energy Economy trend presents data on clean energy jobs, businesses, patents and venture capital using interactive maps, ranked bar graphs and trends over time.

Trends to Watch 

View an interactive state-by-state map and get in-depth information about eight businesses that are part of this growing clean energy economy on the Pew Environment Group's Global Warming site:

State by State  Company Snap Shots 

Read the comments made by a number of governors in response to the report:

Governors Respond to the Report
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