Diane Pham

How Do You Account for an Emerging Green Economy?

by , 08/10/10
filed under: Green Talks, Policy

The world is rapidly changing and we’re happy to be living in a dynamic period that is fundamentally embracing more sustainable practices across the board. But what is the real value of this emerging green economy? In 2007, the U.S. Department of Commerce tried to answer this question through a report that found that green products and services made up between 1% and 2% of the U.S. economy — that translates into 1.8-2.4 million jobs in the private sector. While a range of 1% – 2% may not seem like a stretch, those figures cover a difference of over half a million jobs in an ailing economy. So why the huge gap? Not surprisingly, not everyone can agree the definition of a green job – while nuclear power may find yays for some, oddly enough, bicycles are accumulating a number of nays from others. If you happen to be finding yourself perplexed by these facts, read ahead for some additional insight!

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