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Sunday, October 5, 2008

Study Says Going Green to Yield a Bevy of Jobs

By H. Josef Hebert Associated Press

WASHINGTON — A major shift to renewable energy and efficiency is expected to produce 4.2 million new environmentally friendly "green" jobs over the next three decades, according to a study commissioned by the nation's mayors.

The study released last week by the U.S. Conference of Mayors says that about 750,000 people work today in what can be considered green jobs, from scientists and engineers researching alternative fuels to makers of wind turbines and more energy-efficient products.

But that's less than one-half of 1 percent of total employment. By 2038, another 4.2 million green jobs are expected to be added, accounting for 10 percent of new job growth over the next 30 years, according to the report by Global Insight.

However, the study cautioned such job growth won't be realized without an aggressive shift away from traditional fossil fuels toward alternative energy and a significant improvement in energy efficiency.

For example, it assumes that by 2038 alternative energy will account for 40 percent of electricity production, with half of that coming from wind and solar; widespread retrofitting of buildings to achieve a 35 percent reduction in electricity use; and 30 percent of motor fuels coming from ethanol or biodiesel.

Alternative energy, such as wind, geothermal, biomass and solar, currently accounts for less than 3 percent of electricity generation and nonfossil sources, such as ethanol and biodiesel, for about 5 percent of all motor fuels, the report notes.

Miami Mayor Manny Diaz, the conference's president, said the report makes "a very compelling economic argument for investing in the green economy and that we're going to get a huge return for it."

The report predicts the biggest job gain will be from the increased use of alternative transportation fuels, with 1.5 million additional jobs, followed by the renewable power generating sector, with 1.2 million new jobs.Another 81,000 additional jobs will be generated by industries related to making homes and commercial buildings more energy efficient, the study said.

And it predicted an additional 1.4 million green jobs related to engineering, research, consulting and legal work.

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