Is wind power good for the economy?




Yes! The 44.79 GW of new wind power worldwide, which came online in 2012, represents investments of about $78.3 billion (Bloomberg New Energy Finance 2012). Additionally, approximately 670,000 people were employed directly or indirectly in the global wind power industry. This is expected to grow to 1,214,000 by 2020 and to 2.6 million by 2030 according to the projections in the Global Wind Energy Outlook 2012.

Wind energy makes people less dependent on fuel imports at unpredictable prices. In 2011, wind power production worldwide avoided fuel costs of €35 bn.  GWEC estimates this number to grow almost eight times by 2020.

Wind-generated power comes at a zero fuel cost and zero CO2 cost, unlike most traditional energy sources. Wind power can also lower electricity prices and bring more competition to the market.