Green Job Expansion Slows
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Green jobs have been growing at an aggressive rate with large funding from the federal and local governments. That trends seems to be reversing as it looks like there is a lack of funds for green jobs.
The biggest problem with green jobs is that renewable energy is heavily tied on funding from either the governments or from consumers. Both the federal and many local governments have cut back their spending and renewable energy has been an unfortunate casualty. As the title suggests, there is still growth in this particular sector but not as much as in the past few years.
With the jobless rate so high, you would think this would be the best time to provide funding to the renewable energy industry which can support many new jobs. Let’s hope that as the economy begins to recover, green businesses will receive better support to continue creating new jobs.
Comments
I think its one of the booming sector at moment. Be are already lacking with energy resources so we have to find some other energy efficient things. Nature is always ready to help us.
Green energy is not cost competitive in the marketplace when compared to oil, natural gas or coal. Without government subsidies most green energy projects with wither on the vine. The government subsidy business model is not sustainable. Some governments are doing exactly what they should be doing in times of economic hardship– tightening their belts. Major technological breakthroughs are required before green energy can stand on its own two legs and displace fossil fuels.
Let’s hope that it does start to pick the momentum back up again. Kind of unreal that we are still above 9% unemployment rate, we need to do something about that, and what better way than green jobs for sure!
Till then,
Jean