Germany opened a huge global lead in the development of its renewable energy sector ten years ago. Why – the Germans even have it all over the sun-burnt Australians with their solar power plants. And wind too.

But Germany has been badly affected by the current economic downturn. Now green investing in renewables has taken on a new impetus as renewable energy is seen as the shining knight in armor to bail us out of climate change and the globally sick economy.

Deputy environment minister Astrid Klug said there were now 250,000 jobs in Germany’s renewable energies sector and an overall total of 1.8 million in environmental protection. The number of jobs in renewables will triple by 2020 and hit 900,000 by 2030.

Green jobs. The hope is for a sustainable future

A German government report on the job prospects of climate protection also said the government would spend 5.5 billion euros ($7.05 billion) on environmental protection this year. It has also earmarked parts of its 50-billion euro stimulus package to improve energy efficiency and entice owners of old cars to scrap them.

The German government aims to reduce its emissions of carbon dioxide by 40 percent from 1990 levels by 2020. The renewable energy sector aims to triple its share of power generation to 47 percent by 2020. Its share stood at 15.1 percent in 2008.

Green investing and green jobs creation go hand in hand everywhere. Lets all barrack for it as a winning combination.

Sources

Planet Ark, Germany Says Green Jobs Will Shorten Recession.