Energy

GRO 2020 shows that Southeast Asia could meet about 41% of all of its energy needs from renewable energy by 2030 and create an additional 6.7 million green jobs by 2050.
US policymakers have a chance to kick-start an energy transition that could save 1.4 million American lives over the next 20 years, especially among the most vulnerable, even as it creates jobs and saves consumers money.
The UK's offshore wind-energy facilities could create a ripe opportunity to create renewable hydrogen to sell in a market estimated to be worth $2.5tr by 2050, supporting 30 million jobs.
The European Commission estimates that 2.8 million new jobs in the renewable energy industry will be created in the EU countries by 2020, adding that the alternative energy industry will create over 1% of GDP and, in other words, green energy has bright prospects.
Scaling-up public and private energy spending to $4.5 tn a year from the current $1 tn would boost the world economy by an additional 1.3% and create 19 million additional energy transition-related jobs by 2030.
The International Energy Agency has outlined a $3 trillion plan to restart the global economy while cutting greenhouse gas emissions, saying that governments have a once-in-a-lifetime opportunity to create jobs while decarbonizing infrastructure.
The rapid buildout of additional renewable energy would inject $1.7 trillion of investment into the economy and increase energy sector jobs by up to 530,000 each year through 2035 - across all regions of the U.S. - without raising consumer bills.
In just the energy sector, a low-carbon transition could require $2.3 trillion in investment every year for a decade, bringing growth and jobs during the recovery phase.
Hydrogen energy has the potential to generate 700,000 jobs and US$ 140 billion per year of revenue in the United States alone by 2030 and up to 3.4 million new jobs and US$ 750 billion per year by 2050.
The EU economic recovery proposal says that achieving emissions reduction and energy targets could add 1% to the EU's GDP and create almost 1 million new green jobs over the next decade, while investing in a circular economy could add another 700,000 jobs.
Decarbonisation of the global energy system can grow the global economy and create up to 28 million jobs by 2050.
Every $1 million in spending generates less than three fossil fuel jobs, but will generate more than seven full-time jobs in renewable energy and almost eight full-time jobs in energy efficiency.
Whilst also being commonly cited as the most efficient renewable energy, the global wind industry drives the creation of new jobs and could employ over six million people worldwide by 2050, compared to about one million currently.
Greater investment in green energy would improve the cumulative gross domestic product by $98 trillion by 2050 and bring with it 42 million jobs.
EmNEW has regional offices in Kenya and Ghana, with projects expected to unlock up to $500 million in renewable energy investment, reduce CO2 emissions by 320,000 tons, create 20,000 new jobs, and eventually produce 585 GWh of clean electricity.
Climate change is an obvious catalyst for innovation and, according to McKinsey, giving a boost to industries supporting renewable energy and energy efficiency could create up to 20 million jobs by 2030.
Climate change could lead to a net increase in jobs of five to six million by 2050, while the European Commission predicts that three million jobs could be created in the renewable energy sector by 2020.
More jobs would be created in the energy sector through renewables with the solar industry alone forecast to employ as many people in future as the coal industry does today.
Increasing energy efficiency in the commercial sector will not only create new jobs in every region in its own right but could help to save jobs as well.
$1 million spent on fossil fuels in the U.S. will generate 2-3 full-time equivalent jobs, while $1 million spent on renewable energy or energy efficiency will create 7-8 jobs.
By 2025 South Africa alone could create 462,000 additional jobs by going green, including in clean energy generation, energy efficiency, pollution control and natural resource management.
While 50,000 jobs may be lost in oil and gas over the next decade in Canada, just over 160,000 will be created in clean energy - a net increase of 110,000 new energy jobs.

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Last updated: 20 September 2020