Obama Stresses the Need for Clean Energy for Creating New Jobs
US President Barack Obama, who has assured to make 3.5 million jobs in the approaching years, is pinning promises on evolution of clean energy technologies and enlargement of wideband access for more work chances.
The United States has witnessed a bit more than 3.5 million job exits in the past 13 months, majorly in the occasion of the worldwide fiscal meltdown. “If we direct the world in the research and exploitation of renewable energy technology, we can produce a whole new industry with high-paying jobs that cannot be shipped overseas,” Obama said in his budget speech recently.
Observing that some equate the auspicious aspects of this industry to that of the information technology sector, Obama pronounced that in the event of clean energy, fresh jobs could be contributed to “rural areas long left behind in economic growth”.
Sketching various criterias to bolster up the country’s sagging economy and creating more jobs, the President accentuated the requirement for high-speed online connections. “The more communities that have access to high speed internet connections, the more businesses can grow and jobs can be created,” Obama noted.
Renewable energy or clean energy is energy generated from natural resources-such as sunlight, wind, rain, tides and geothermal heat – which are renewable (naturally replenished). At present, nearly 18% of global final energy consumption comes from renewables, with 13% coming from traditional biomass, such as wood-burning. Hydroelectricity was the next largest renewable source, providing 3% (15% of global electricity generation), followed by solar hot water/heating, which contributed 1.3%. Advanced technologies, such as geothermal energy, wind power, solar power, and ocean energy together provided some 0.8% of final energy consumption.
Climate change concerns coupled with high oil prices, peak oil and increasing government support are driving increasing renewable energy legislation, incentives and commercialization.
