Job Growth in California is Going Green
By Tiffany Hsu of the Los Angeles Times on December 9, 2009
Green businesses are blooming in California, creating jobs at a faster pace than the broader economy, a new study has found.
The report from Next 10, a nonprofit research group in Palo Alto, explores California's "core green economy," including areas such as research and advocacy, finance and investment, energy efficiency, recycling and building. The study, to be released today, determined that the number of green companies surged 45% from 1995 to 2008, and total jobs in areas such as energy efficiency, renewable fuels and clean tech grew 36%. During the same period general employment in the state expanded just 13%.
From January 2007 to January 2008 green jobs increased 5% while total jobs declined 1%.
The number of green jobs in the Golden State jumped to 159,000 in 2008 from 117,000 in 1995, an average annual growth rate of 2.4%, according to what Next 10 called "the most comprehensive accounting" of the sector ever conducted.