Why Go Green: The Economic & Environmental Benefits of Green Energy
Green energy isn’t just good for the environment — it’s also great for the economy. The increasing use of different types of green energy, such as solar, wind, hydroelectric, and geothermal energy, creates jobs, stimulates the local economy and lowers health care costs, just to name a few benefits. Green energy initiatives not only help to improve the environment, but also strengthen the economy.
Green Energy Stimulates the Economy
One way the use of green energy helps strengthen and stimulate the economy is by creating jobs. All around the world, falling prices for green energy technologies have driven the creation of more jobs in both renewable energy operation and maintenance. One type of green energy in particular — solar energy — is the largest renewable energy employer on the planet, with 2,500,000 jobs worldwide. Wind energy is also creating more new jobs than ever before, with 1,000,000 people employed worldwide.
The green energy industry employed 7.7 million people in 2014, up 18 percent from 2013. (IRENA Renewable Energy and Jobs Annual Review 2015)
In a 2009 study, the Union of Concerned Scientists found that a 25% renewable energy standard by 2025 will create three times the number of jobs as generating an equivalent amount of electricity from fossil fuels. That’s a whopping 202,000 new jobs by 2025!
Another economic benefit of green energy is that the process of installing green energy facilities usually relies on local workers, which means investments in green energy initiatives are often kept within the community. In addition, local land owners often benefit from the use of different types of green energy, such as wind energy, as they usually receive payments or royalties for allowing green energy equipment to be installed on their land.
Green Energy’s Positive Impact on the Environment
According to the International Panel on Climate Change, (Green energy sources like solar, wind, hydroelectric, and geothermal energy emit far less carbon dioxide than fossil fuels:
- Coal emits 1.4-3.6 pounds of carbon dioxide equivalent per kilowatt-hour (CO2E/kWh)
- Wind energy emits 0.02-0.04 CO2E/kWh (about 99% less than coal)
- Solar energy emits 0.07-0.2 CO2E/kWh (about 94% less than coal)
- Geothermal energy emits 0.1-0.2 CO2E/kWh (about (94% less than coal)
- Hydroelectric energy emits 0.1-0.5 CO2E/kWh (about 86% less than coal)
IGS Energy is proud to offer green energy services and products that offer a simple and affordable way to go green. You can also use our website to learn more about how the green energy initiative can not only meet our present energy needs, but to also help prepare for those of future generations.