Policies for renewable energy boost economy and jobs
Thursday, June 4, 2009 - 11:21
in Mathematics & Economics
The study which was coordinated by Fraunhofer Institute for Systems and Inno-vation Research ISI shows that, by improving current policies the target of 20% RES in final energy consumption in 2020 can be achieved, which will provide a net effect of about 410,000 additional jobs as well as a 0.24% additional gross domestic product (GDP). It is the first study to assess the economic effects of a sustainable energy policy based on supporting RES in this detail, looking not only at jobs in the RES sector itself, but also taking its impact on all sectors of the economy into account.