Commentary

Kevin Ferguson
 

Green Jobs In This Economy?

The momentum for green jobs seems to be building. Minnesota Gov. Tim Pawlenty just introduced his Green Jobs Investment Initiative for the 2009 legislative session. Pennsylvania Gov. Edward Rendell is banking on a nearly $12 million investment into alternative clean energy projects to create at least 1,200 jobs. And California Gov. Arnold Schwarzenegger, recent host of an international summit on the issue, has repeatedly thrown his political weight behind clean-technology businesses. But there are some less sanguine faces in the crowd, too.

The momentum for green jobs seems to be building. Minnesota Gov. Tim Pawlenty just introduced his Green Jobs Investment Initiative for the 2009 legislative session. Pennsylvania Gov. Edward Rendell is banking on a nearly $12 million investment into alternative clean energy projects to create at least 1,200 jobs. And California Gov. Arnold Schwarzenegger, recent host of an international summit on the issue, has repeatedly thrown his political weight behind clean-technology businesses. But there are some less sanguine faces in the crowd, too.Among them, Yvo de Boer, executive secretary of the United Nations Framework Convention on Climate Change, quoted by New York Times reporter Elisabeth Rosenthal, just ahead of next week's climate summit in Poland: "Yes, things have changed," says de Boer, in Rosenthal's article. "European industry is saying we can't deal with financial crisis and reduce emissions at the same time. Heads of government have other things on their minds."

Grist.org staffer David Roberts, writing for the November/December issue of Mother Jones, also gives pause. While he backs UCLA economics professor Matthew Kahn that the creation of green jobs wouldn't cannibalize existing jobs, he dismisses the notion that green jobs can't be outsourced. "There's nothing magical about a solar panel that makes it less likely to gravitate toward cheap labor -- in fact, China already produces one-third of the world's solar cells," writes Roberts.


More Insights

White Papers

More >>

Reports

More >>

Webcasts

More >>

Whoever is manufacturing them, there should be sufficient demand, judging from a recent report by Panel Intelligence. It says that 80% of corporate sustainability executives surveyed from across North America plan to maintain or increase levels of sustainability-related spending in 2009, despite the current economic condition.

Other Panel Intelligence findings:

• Sustainability and clean technology spending -- as a percentage of corporate revenue -- is expected to increase 73% through 2010. • Some 82% of respondents rated energy efficiency as the most important area of focus and investment currently. • Corporate spending on sustainable waste management initiatives is expected to grow by 20% in 2009, the highest percentage increase of any subcategory. • Cost savings, revenue generation, and brand strength are the most important drivers of environmental and clean technology initiatives. • Nearly 55% of respondents observe no financial criteria (i.e. ROI, payback period) when evaluating sustainability projects for their respective organizations. • A majority of respondents believe capital remains available for sustainability projects.


Related Reading




Currently we allow the following HTML tags in comments:

Single tags

These tags can be used alone and don't need an ending tag.

<br> Defines a single line break

<hr> Defines a horizontal line

Matching tags

These require an ending tag - e.g. <i>italic text</i>

<a> Defines an anchor

<b> Defines bold text

<big> Defines big text

<blockquote> Defines a long quotation

<caption> Defines a table caption

<cite> Defines a citation

<code> Defines computer code text

<em> Defines emphasized text

<fieldset> Defines a border around elements in a form

<h1> This is heading 1

<h2> This is heading 2

<h3> This is heading 3

<h4> This is heading 4

<h5> This is heading 5

<h6> This is heading 6

<i> Defines italic text

<p> Defines a paragraph

<pre> Defines preformatted text

<q> Defines a short quotation

<samp> Defines sample computer code text

<small> Defines small text

<span> Defines a section in a document

<s> Defines strikethrough text

<strike> Defines strikethrough text

<strong> Defines strong text

<sub> Defines subscripted text

<sup> Defines superscripted text

<u> Defines underlined text

InformationWeek encourages readers to engage in spirited, healthy debate, including taking us to task. However, InformationWeek moderates all comments posted to our site, and reserves the right to modify or remove any content that it determines to be derogatory, offensive, inflammatory, vulgar, irrelevant/off-topic, racist or obvious marketing/SPAM. InformationWeek further reserves the right to disable the profile of any commenter participating in said activities.

Disqus Tips To upload an avatar photo, first complete your Disqus profile. | View the list of supported HTML tags you can use to style comments. | Please read our commenting policy.
T-Shirt Giveaway T-Shirt Giveaway: Each week we're selecting one great comment from our readers. The author of the comment will receive an InformaitonWeek Community t-shirt. So get posting!
Subscribe to RSS

Resource Links