New Report Shows That California Leads in Green Jobs, Investments and Innovation

Filed under: Green Business,States | |

The 2009 Green Innovation Index, which was released earlier this month, showed that in spite of the global financial crisis, that total Gross Domestic Product (GDP) produced per unit of energy (energy productivity) is 68 percent higher in California than the rest of the nation.  This generates billions for the economy.    Since 2005 green jobs in California have grown at a rate ten times faster than total job growth.  Green tech venture capital investment nearly doubled in one year, hitting an all-time high of $3.3 billion in 2008, capturing 57 percent of the national total.  Los Angeles, San Francisco and Sacramento together accounted for over 20 percent of the nation’s hybrid vehicle registrations in 2007.

The Index is an initiative from Next 10 and authored by Collaborative Economics.  It is designed to track key economic, energy and environmental indicators, as well as provide critical data on the impact of innovation on the California’s economic and environmental health as California moves to reduce greenhouse gas (GHG) emissions to 1990 levels as mandated by the California Global Warming Solutions Act .

Key Findings:
1. California led all states in patent registrations for green technologies, increasing the state’s total number by 70 percent over a similar period in the early nineties from 2002-07.

2. Despite slowing in overall venture capital investment, clean technology investment in California hit an all-time high in 2008 of $3.3 billion, which is over seven times total clean tech investment in 2005.

3. Green job growth in California has grown by 10 percent since 2005, while statewide jobs overall have only increased by  1 percent.

4. California’s energy efficiency policies  have served to foster over 1.5 million jobs over the last three decades, generating $45 billion in payroll.

5. California’s  has the nation’s highest energy productivity.

6. Over 100.5 million transit service miles were added with California expanding public transportation 22 percent from 2005-06

7. In 2007, three of the top ten hybrid metropolitan markets were in California; Los Angeles (#1), San Francisco (#2), and Sacramento (#9) metropolitan areas accounted for over 20 percent of new hybrid registrations in the U.S.

8. California increased grid-connected photovoltaic solar capacity by 41 percent from 2006 to 2007.

The research included in this 2009 Green Innovation Index provides further evidence of the powerful economic stimulus clean energy policy can provide.Research included in this 2009 Green Innovation Index provides further evidence of the powerful economic stimulus clean energy policy can provide.

You can download the study at Next 10.

© 2009, Tracey de Morsella. All rights reserved. Do not republish.

Share on TwitterShare on TumblrSubmit to StumbleUponSave on DeliciousDigg ThisSubmit to redditShare via email

Shortlink:

Protected by Copyscape Duplicate Content Finder
Posted by Filed under Green Business, States. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry
Line Break

Author: Tracey de Morsella (323 Articles)

Tracey de Morsella started her career working as an editor for US Technology Magazine. She used that experience to launch Delaware Valley Network, a publication for professionals in the Greater Philadelphia area. Years later, she used the contacts and resources she acquired to work in executive search specializing in technical and diversity recruitment. She has conducted recruitment training seminars for Wachovia Bank, the Department of Interior and the US Postal Service. During this time, she also created a diversity portal called The Multicultural Advantage and published the Diversity Recruitment Advertising Toolkit, a directory of recruiting resources for human resources professionals. Her career and recruitment articles have appeared in numerous publications and web portals including Woman Engineer Magazine, Monster.com, About.com Job Search Channel, Workplace Diversity Magazine, Society for Human Resource Management web site, NSBE Engineering Magazine, HR.com, and Human Resource Consultants Association Newsletter. Her work with technology professionals drew her to pursuing training and work in web development, which led to a stint at Merrill Lynch as an Intranet Manager. In March, she decided to combine her technical and career management expertise with her passion for the environment, and with her husband, launched The Green Economy Post, a blog providing green career information and covering the impact of the environment, sustainable building, cleantech and renewable energy on the US economy. Her sustainability articles have appeared on Industrial Maintenance & Plant Operation, Chem.Info,FastCompany and CleanTechies.