Next 10’s Many Shades of Green report tells a different story. The new report documents California’s green economy, finding that green jobs haven’t been as vulnerable to recession. Tiffany Hsu explains on Money & Co.
According to the report produced by Next 10 , a nonpartisan research group, the state’s green sector outperformed the overall economy by retaining a greater percentage of its work force at the height of the recession.
Since the mid-1990s, green jobs in San Diego County have grown more than twice as fast as the overall average and weathered the past two recessions better than most other industries, according to a report released Tuesday by Next10, a research organization focused on the environmental industry.
The report, from the Next 10 public policy group, defines the core green economy as businesses that provide alternatives to carbon-based energy sources, conserve energy or natural resources, reduce pollution, or find new uses for waste.
The state's overall economy lost 7% of jobs between January 2009 and January 2010 while its "core green economy" lost 3%, according to the study released by San Francisco-based Next 10, a nonpartisan research group focused on innovation.
From January 2009 through January 2010, the overall state economy lost 7% of its jobs, according to nonprofit research group Next 10’s Many Shades of Green report. During the same period, the core green economy -- composed of businesses involved in renewable energy, clean-fuel cars, water conservation, emissions trading and more -- suffered a 3% job loss.
A report released last week by San Francisco-based nonprofit Next 10 said California attracted global investments totaling $467 million in electric vehicle-related sectors in the first half of this year. In all of 2010, investments totaled $840 million.
