CleanTech Trends – Future Growth and Potential
An Opportunity for Modern Support of Fossil Fuels and CleanTech
Renewable electricity generation doubled from 2006 to 2011. The price of solar, wind, and other clean energy technologies fell. American manufacturers have regained market share in advanced batteries and vehicles.
Employment in the CleanTech sector grew by nearly 12% from 2007 to 2010. In fact, during the middle of the recession (2008 to 2009) the clean economy grew faster than the rest of the economy, expanding at a rate of 8.3%; the American Recovery and Reinvestment Act (ARRA) investment in clean energy projects likely spurred much of this growth. (more…)