U.S. Trails China as Renewable Energy Sector Adds 700,000 Jobs Worldwide

According to a new report, worldwide employment in renewable energy reached 12.7 million last year, a jump of 700,000 new jobs in one year, despite the lingering effects of COVID-19 and the growing energy crisis.

The report, published by the International Renewable Energy Agency (IRENA) in collaboration with the International Labour Organization (ILO), identifies domestic market size as a major factor influencing employment generation in renewables.

With worldwide oil supply disruptions and spiking gas prices, there's never been a better time to hitch your wagon to renewable energy.

With rising concerns about climate change, COVID-19 recovery, recession, and supply chain disruption, national interest is growing in localizing supply chains and creating jobs at home.

Climate Change Spurs Demand for Local Energy Production

An increasing number of countries are creating jobs in renewables. Almost two-thirds of all these jobs are in Asia.

China Leads in Renewable Energy Job

While the U.S. renewable energy sector lags behind major Asian and European countries, there is hope that President Biden's passage of a comprehensive climate bill will spur new industry investment.

U.S. Climate Bill Jump Starts Clean Energy Project

Already, there are signs that investment in renewables domestically is picking up. For example, Toyota plans to invest $2.5 billion to produce electric car batteries in North Carolina.

The report highlights that the expansion of renewable energy is still in its infancy. The industry needs support from holistic policy packages, including training for workers to ensure decent, high-quality, diverse, and high-paying jobs in pursuit of a transition to a genuinely renewable energy economy.

Significant Growth, But More Work to Do

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