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The United Nations report on renewable energy generation has concluded that the green and green jobs are a reliable industry and is able to withstand the economic pressures that toppled down most industries in 2009. In fact, creation of new energy out of renewable sources has exceeded expectations of clean energy power capacity estimates from just two years ago. The UN report showed strong growth in the clean energy power generation in the Americas, Asia and Europe. In 2009, a total of 80 giga-watts (GW) of renewable power capacity were added worldwide.

The UN also added that the green industry is gained ground, being one of the most resilient markets and was unaffected during the onset of the global financial crisis. Governments around the globe are seeing great opportunities for renewable energy and green collar job creation in a quest to depend on cleaner and more efficient forms of energy. 2010 Global Status and Global Trends in Sustainable Energy Investment 2010, two of UN reports on renewable energy, documented a slight decline in industry investments. The drop was attributed to the lessened investment of both biofuels and solar energy generation. However, the effect was still positive because of the investment made on other forms of renewable power sources including wind power and the biomass sub-market showing a 34% rise in investment which is equivalent to $4 billion in the same period. Continue reading →