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"In an otherwise bleak job market, energy efficiency companies
around the world are proudly proclaiming, “Now Hiring!” This
trend is catalyzed by stimulus dollars and a growing realization
by companies, utilities, and governments that volatile
energy costs make energy efficiency a highly competitive option
for meeting their new energy needs, and a cost-effective
job creator.
The Political Economy Research Institute, in a June 2009 publication,
reported that the number of U.S. direct jobs created
per million dollar investment in building retrofits and smart
grid is far greater than direct jobs created in the coal industry,
by a factor of 8:1 and 5:1 respectively. Even compared to
wind and solar, at 4.3 and 5.4 direct jobs created per million
dollars invested respectively, building retrofits’ seven direct
jobs per million dollars invested shows how the ‘fifth fuel’ –
as energy efficiency is known – has the potential to pack the
most bang for the buck.
The Northwest Planning and Conservation Council, for
example, has projected that Idaho, Montana, Oregon, and
Washington can meet 85 percent of their new electricity
needs over the next 20 years solely through conservation, and
do so at half the cost of building new power plants. Energy
efficiency attracted more than 35 percent of the estimated
$470 billion in green stimulus funding worldwide from January
to May 2009, according to global financial firm HSBC.
The firm defines efficiency as funding for buildings and grid
infrastructure.
“Efficiency is the quickest way to meet our energy needs
cost-effectively while making the U.S. a world leader in
clean-energy technologies across multiple sectors.” says Skip
Laitner, director of economic and social analysis at the American
Council for an Energy Efficient Economy.
In the face of economic turmoil, European efficiency leader
Germany has allocated approximately 10% of its total (and
more than 60% of climate-related) recovery funds to building
retrofits. Since 2006, 6.4 billion euros (U.S. $8.5 billion)...." |