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Employment in the renewable energy sector was approximately 9.8 million in 2016, an increase of 1.1% from 2015. And the solar power sector alone produced twice as many workplaces as the coal and oil industries combined.
Most jobs in fossil fuel extraction or other ancillary activities have declined since 2012, when the gas and oil industry was at its peak. This is why people are looking for new opportunities and renewable energy is growing 12% faster than the US economy.
According to the European Defense Fund (EDF), clean energy jobs today are becoming more available and well paid, as solar energy suppliers can provide more jobs per dollar invested. It is growing 12 times faster than the entire US economy.
The main driver of this growth is economic indicators. Companies have realized that sustainable growth is the key to success, long-term performance and investment. Solar and wind products have also dropped in price, making them more affordable.
In the following video, you can visualize some of the actionable data and opportunities offered by the green energy sector. Check it out here and learn something new.
Great powers such as the US, China and Germany are pushing renewable energy sources and launching plans to cut global gas emissions by 40%. This includes the construction of a clean power plant that would require an additional 430,000 jobs.
Wind Energy, for example, is looking for specialists in manufacturing, project development and construction, and turbine installation. Financial Services, Transport and Logistics, Maintenance and Operations. The local government has built over 500 factories that require labor.
No other technology is far behind, and in 2009 the hydropower industry created 250,000 jobs. The solar industry employs approximately 100,000 people, while the geothermal industry employs 5,200 people for its operations.
Increasing investment in the renewable energy sector can create more jobs than any other fossil fuel industry. Local businesses and renewable industries will benefit from this change as their incomes will increase significantly.
The benefits of transitioning to renewable energy are clear and for this reason, governments should respond positively to the clean energy transition.
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(25 May 2021) According to data from the International Renewable Energy Agency (IRENA), the renewable energy sector directly and indirectly employed about 11.5 million people in 2019, a 4% increase over the previous year. Renewable energy (RE) employment has increased by 34% since 2013, adding nearly 3 million new jobs to the global economy. The solar (PV), bioenergy, hydro and wind industries have become the largest employers in the renewable energy sector. China ranks first in the list of total renewable energy jobs by country, far ahead of other major economies. Latvia and Denmark have the highest share of renewable energy in total employment, with renewable energy accounting for 3.79% and 1.5% of jobs respectively, followed by Croatia, Bulgaria, Brazil, Colombia and Finland.
Note: IRENA’s estimates include indirect manufacturing jobs and biofuel manufacturing jobs in addition to direct jobs, while the US Bureau of Labor Statistics only includes direct jobs in the power sector.
The Energy Data Brief provides key indicators designed to help energy market observers anticipate and respond to changes in the energy sector and related industries and investments.
(October 2016) – Renewable energy sources are rapidly becoming a major source of energy around the world due to new capacity in developing countries. Depending on the source, renewable energy is set to hold or surpass coal, which will become the world’s largest source of electric power capacity. The International Energy Agency (IEA) said in its most recent medium-term renewable energy market report that the transition occurred in 2015, and the US Energy Information Administration (EIA)’s latest energy forecast states that the transition will be completed in 2016. . In other words…
(July 27, 2021) A decade ago, when renewable technologies were less prevalent and less efficient, the cost of renewable resources, especially solar power, was too expensive to compete with fossil fuels. However, after a decade of development, the cost of generating renewable energy has declined dramatically, driven by continuous improvements in technology, economies of scale, and other factors. The cost savings are greatest for wind and solar technologies, which are approaching the lower end of the fossil fuel price range and becoming competitive with conventional fuels. that much…
(November 2, 2020) Contrary to the rational argument of those who believe that the peak of oil demand is still far away, even though companies like BP expect us to never return to global oil demand levels, COVID-19 Pandemic, U.S. Stock market You have already taken the green path. For the first time, the market value of primary renewable energy producers exceeds that of oil majors. On October 7, 2020, the market cap of Nextera Energy, the world’s largest wind and solar power producer, surpassed that of US oil majors Exxon Mobil and Chevron. A day before the US presidential election…
(August 16, 2021) To limit global temperature rise to the targets set out in the Paris Agreement, the economy must significantly reduce greenhouse gas emissions. The highest and highest emitters are announcing the goal of achieving carbon neutrality by 2050 or earlier. However, achieving these goals requires a major restructuring of the energy sector to use carbon-free (renewable and nuclear) energy sources and low-carbon fuels (biofuels, hydrogen). This dashboard provides forecasts for two things.
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The transition to clean energy seems inevitable as many countries and companies are working to reduce their emissions. And such a shift would undoubtedly affect employment.
New sources of energy require not only new and updated equipment, but also the people who operate them. And as demand for clean fuels shifts away from fossil fuels, net employment will not increase in all sectors.
This chart shows projected global job growth in the clean energy sector and related sectors in line with the ongoing climate commitments from 2021 according to the IEA’s World Energy Outlook.
Overall, the clean energy transition is projected to create 10.3 million new jobs worldwide by 2030.
Fuel production will certainly be affected by the clean energy transition, but the biggest impact will be felt in the modernization of energy infrastructure.
The largest job growth anticipated to make better use of new energy sources will be in the electrical efficiency, power generation and automotive sectors. Along with the modernization of the grid constitutes 75%.
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