July 22, 2009
Renewables, growth & jobs
A new Study conducted on behalf of the European Commission's DG for Energy and Transport, has assessed for the first time in detail, the economic effects of supporting renewable energy sources (RES). 'The Impact of Renewable Energy Policy on Economic Growth and Employment in the European Union' examines not only job creation effects
within the RES sector itself, but takes into account impacts on all sectors of the economy. The study has determined that policies that support RES provide a significant boost to the economy and the number of jobs created. It concludes that improving current policies so that the target of 20% RES in final energy consumption in 2020 can be achieved will provide a net effect of about 410,000 additional jobs across the EU and an average 0.24% jump in GDP.
Posted by iroronan at July 22, 2009 04:29 PM
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