The median average salary for clean energy jobs outpaces that of blue-collar jobs by 20%, a Brookings Institute and Battelle study released Wednesday found. While median wages for all other occupations across the country were $38,616, in the clean energy sector median wages jumped to $46,343 across the nation.
Additionally, capital investments in the sector lead to an 8.3% annual job growth surge in clean energy positions, compared to a 4.2% annual growth rate for all other sectors. The clean-tech sector now offers more jobs than that of the oil industry, the report noted.
Yet, Brookings analyst Jonathon Rothwell warns that additional funding is necessary to maintain the sector’s global competitiveness, as Chinese investments in clean technology vastly outpaces those in the U.S. "There's no existing U.S. institution that is willing to provide funding at the levels needed," Rothwell says. "Banks are the most appropriate lending institution for this, and few of them will take the risk."
View the report here.