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Defining, Estimating and Forecasting the Renewable Energy and Energy Efficiency Industries in the U.S. and Colorado

— sector: Energy efficiency, Renewable energy
— type: Reports

This report estimates and forecasts the renewable energy (RE) and energy efficiency (EE) industry for the U.S. and Colorado, and the major contributions of the research summarized here include: 1) Development of a rigorous definition of the RE and the EE industries; 2) Estimation of their current sizes and composition, including technology, sales, jobs, occupations, and skills; and 3) Forecasting their growth to 2030 under three scenarios.

Author/Editor
Publishing Year
2009

The study found that, in 2007, the U.S RE&EE industries generated $1,045 billion in sales and created over 9 million jobs -- including $10.3 billion in sales and over 91,000 jobs in Colorado.  The U.S. RE&EE revenues represent substantially more than the combined 2007 sales of the three largest U.S. corporations -- Wal-Mart, ExxonMobil, and GM ($905 billion).  RE&EE are growing faster than the U.S. average and contain some of the most rapidly growing industries in the world, such as wind, photovoltaics, fuel cells, recycling/remanufacturing, and biofuels.  With appropriate federal and state government policies, RE&EE could by 2030 generate over 37 million jobs per year in the U.S. -- including over 600,000 jobs in Colorado.

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