Utne Blogs > Environment

Energy Economics: Good News and Not So Good News

by Cally Carswell 


Tags: Environment, energy efficiency, alternative energy, economics, University of California Berkeley, San Francisco Chronicle, Grist,

A new study out of the University of California in Berkeley has good news for the economy and the environment: Between 1972 and 2006, energy efficiency measures undertaken in California have been a boon to the state’s economy, creating approximately 1.5 million jobs and saving consumers $56 billion. “We find, I think demonstrably, that energy efficiency is good for the economy and good for jobs,” study author David Roland-Holst told the San Francisco Chronicle.

Unfortunately, while energy efficiency may be good for the economy, the economy isn’t doing such good things for green energy, according to Grist. They report that “renewable-energy stocks around the world have dropped some 45 percent in the past three months,” due to tightening credit lines and dwindling demand for alternative energy as oil prices fall.