CleanTech OC Weekly

Thursday, March 14, 2013

Up to 110,000 New Green Jobs Created in 2012
In 2012, over 300 new renewable energy or clean transportation projects, facilities projects and facilities were announced, promising an estimated 110,000 new jobs, according to the year-end report from Environmental Entrepreneurs (E2). However, those projects and facilities may never get built or provide the projected number of jobs.

The 4th annual ARPA-e Energy Innovation Summit in Washington, DC showcases new and disruptive technologies in the cleantech space. While there are many promising technologies, the problem still remains – funding. VCs are heavily invested in software start-ups due to swift exits and lucrative returns. Unless a new kind of investment model emerges, many of these promising technologies may not progress further than the idea stage.  

From a global perspective, the fundamental drivers for clean energy remain intact even on the heels of a difficult 2012. According to the 12th annual Clean Edge Annual Trends Report, last year marked record deployment and projected growth rates that could double total market value within a decade. Clean Edge projects the global biofuel, wind, and solar markets will nearly double in total value from $248.7 billion in 2012 to $426.1 billion by 2022.

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