Renewable energy now accounts for 64% of new electricity generation capacity installed in the US each year

24 February 2017

Source: Environmental Defense Fund, "Now hiring: the growth of America's clean energy & sustainability jobs"

The renewable energy sector has seen rapid growth, driven largely by significant reductions in manufacturing and installation costs, and now represents 64% of new electricity generation capacity installed in the US each year.

In 2015, renewable energy jobs in the US reached 769,000, the result of a compound annual growth rate (CAGR) of nearly 6% since 2012. Job creation in this sector has outstripped the fossil fuel industry: for example, jobs in fossil fuel extraction and support services slumped, with a -4.25% CAGR over the same period. Solar and wind jobs have grown at rates of about 20% annually in recent years and are each creating jobs at a rate 12 times faster than that of the rest of the US economy.

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