CAMILLE RICKETTS | posted on January 30, 2009
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The past several years have seen rapid growth in the number of so-called “green collar†jobs in the state of California, according to a new report from Mountain View, Calif.-based Collaborative Economics. Between 2005 and 2007 alone, employment in the sector spiked 10 percent to about 105,000. To put that in context, the overall workforce grew about one percent statewide. This shift is significant for the state, and Silicon Valley in particular, where many formidable cleantech companies have taken root. The region has always been a hub for computing technology but only recently emerged as a leader in the green economy — even though wind and solar projects have been toiling out of the spotlight elsewhere for decades.
The wave was kicked off in 2004, when then-California Treasurer Phil Angelides pushed the state’s large public pensions (CalPERS and CalSTRS) to commit $1.5 million to a “Green Wave†program. The initiative included investments into venture capital firms that backed clean technology companies. The green trend reached a crescendo in 2007, when green czar Al Gore decided to join the prestigious Valley venture firm Kleiner Perkins Caufield & Byers to help advise it on clean technology investments. The whole time, cleantech startups have rushed to set up shop nearby; other firms, like Mayfield Fund, Silicon Valley Bank and Draper Fischer Jurvetson, have dedicating more resources to cleantech initiatives of their own. Clearly the bulk of these new green jobs won’t be at slick venture-backed startups. According to the report, nearly 20 percent of them are in manufacturing — the actual plants where solar cells, turbine blades and electric engines are built. Other salient findings include: …read full discussion















