Are there any sectors that benefit significantly from green energy policies in terms of job creation

Are there any sectors that benefit significantly from green energy policies in terms of job creation

Recent studies highlight several sectors experiencing significant job growth due to green energy policies:

1. Renewable energy generation

Solar, wind, hydropower, and geothermal sectors dominate job creation. In the U.S., renewable energy now employs three times more workers than traditional energy sectors, with solar PV leading globally (4.3 million jobs in 2021, rising to 4.9 million by 2022).

2. Electric vehicles and batteries

EV manufacturing and battery production added 410,000 jobs globally in 2023, driven by surging demand (EVs accounted for nearly 20% of car sales worldwide).

3. Grid modernization and energy storage

Transmission, distribution, and storage systems saw notable job growth, particularly in unionized construction roles. Clean energy’s unionization rate (12.4%) now surpasses the broader energy sector average (11%).

4. Clean technology manufacturing

Solar panel and wind turbine manufacturing spurred over half a million new solar jobs globally in 2023 alone, with manufacturing driving the IEA-reported 1.5 million new clean energy jobs last year.

Globally, clean energy employment reached 13.7 million jobs by 2022, with the sector contributing 10% of total economy-wide job growth in leading markets during 2023.

Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-sectors-that-benefit-significantly-from-green-energy-policies-in-terms-of-job-creation/

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