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Estimating the scale of the US green economy within the global context

Georgeson, L; Maslin, M; (2019) Estimating the scale of the US green economy within the global context. Palgrave Communications , 5 , Article 121. 10.1057/s41599-019-0329-3. Green open access

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Abstract

Article Open Access Published: 15 October 2019 Estimating the scale of the US green economy within the global context Lucien Georgeson & Mark Maslin Palgrave Communications volume 5, Article number: 121 (2019) | Download Citation Article metrics 2020 Accesses 194 Altmetric Metricsdetails Abstract The green economy has previously been defined and measured in various, but limited, ways. This article presents an estimation of the scale of and employment in the US Green Economy using a data triangulation approach that uses many sources of data and multiple types of data. This can give a suggestion of the green economy’s role in economic development and employment at the country level. It also makes it possible to compare the scale of ‘green jobs’ to employment in fossil fuel-related sectors, and to compare the US green economy to other economies. Through the Low Carbon and Environmental Goods and Services Sector (LCEGSS) dataset, the US green economy is estimated to represent $1.3 trillion in annual sales revenue and to employ nearly 9.5 million workers; both of which have grown by over 20% between 2012/13 and 2015/16. Comparison with China, OECD members and the G20 countries suggests that the US is estimated to have a greater proportion of the working age population employed (4%) and higher sales revenue per capita in the green economy. Estimated values for other countries suggests that they too have significant production and consumption in the green economy and the US should consider, as other economies are, developing energy, environmental and educational policies relevant to the green economy to remain competitive in these areas. Given the shortcomings of other data sources, this information can contribute to understanding the potential impact of changes to federal-level policies on economic sectors that are vital to combating climate change and protecting the environment.

Type: Article
Title: Estimating the scale of the US green economy within the global context
Open access status: An open access version is available from UCL Discovery
DOI: 10.1057/s41599-019-0329-3
Publisher version: https://doi.org/10.1057/s41599-019-0329-3
Language: English
Additional information: This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. The images or other third party material in this article are included in the article’s Creative Commons license, unless indicated otherwise in a credit line to the material. If material is not included in the article’s Creative Commons license and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/.
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Geography
URI: https://discovery.ucl.ac.uk/id/eprint/10084025
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