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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Renewables

Renewable Energy Is Creating Jobs 12 Times Faster Than the Rest of the Economy

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Kate Samuelson
Kate Samuelson
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By
Kate Samuelson
Kate Samuelson
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January 27, 2017, 11:49 AM ET
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The solar and wind industries are each creating jobs at a rate 12 times faster than that of the rest of the U.S. economy, according to a new report.

The study, published by the Environmental Defense Fund’s (EDF) Climate Corps program, says that solar and wind jobs have grown at rates of about 20% annually in recent years, and sustainability now collectively represents four to four and a half million jobs in the U.S., up from 3.4 million in 2011.

The renewable energy sector has seen rapid growth over recent years, driven largely by significant reductions in manufacturing and installation costs. Building developers and owners have been fueled by state and local building efficiency policies and incentives, the report explains.

But, these gains are in contrast to Trump’s support for fossil fuel production, his climate change denial and his belief that renewable energy is a “bad investment”.

“Trump’s current approach is basically ignoring an entire industry that has grown up over the last 10 years or so and is quite robust,” Liz Delaney, program director at EDF Climate Corps, told Business Insider.

 

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By Kate Samuelson
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