Report: MA Poised for More Job Growth in Clean Energy Economy
Boston, MA – More than 26,000 jobs have already been created in Massachusetts, with thousands more to come, according to a new report from The Pew Charitable Trusts on how the clean energy economy is playing out, and the kinds of potential for job growth on the horizon.
Lori Grange, interim deputy director for the Pew Center on the States, says this is the first time actual jobs have been counted, and job growth was documented even during the recession.
"Total jobs in the state fell between 1998 and 2007, but jobs in its clean energy sector actually grew in that same period. Massachusetts ranks in the top ten for clean technology patents, and is second only to California in raising venture capital for this sector."
Phyllis Cuttino, director of the U.S. Global Warming Campaign for the Pew Environment Group, says that, because Massachusetts provides financial incentives for clean energy and is part of a regional initiative, the future looks bright for the creation of more, well-paying jobs for people with various skill sets. These would be jobs as diverse as engineers, construction workers and teachers, she says.
"We know that these jobs grew at a faster pace than jobs in the overall economy. These jobs in the clean energy economy outperformed traditional American jobs."
Critics of previous reports on how a clean energy economy could lead to job growth and business investments pointed to flaws in formulas used to make estimates. This report counted actual jobs and investments. Nationally, jobs in the clean energy economy grew at a rate of about nine percent from 1998 to 2007, while total jobs grew at less than half that rate.
The full report, The Clean Energy Economy: Repowering Jobs, Businesses and Investments Across America, can be viewed online at www.pewtrusts.org.