The growth of renewable energy jobs has outpaced the overall economy in recent years. In the United States, jobs in renewable energy grew at more than twice the rate of the overall labor market in 2023, contributing significantly to the energy sector’s employment gains. Globally, renewable energy jobs experienced an 18% increase from 13.7 million in 2022 to 16.2 million in 2023, marking the highest annual growth rate seen so far. This rapid expansion reflects substantial investments in clean energy technologies and infrastructure around the world.
U.S. Perspective
- Clean Energy Job Growth: In 2023, clean energy employment increased by 142,000 jobs in the U.S., accounting for more than half of new energy sector jobs. This growth was driven by investments in areas like solar, wind, and zero-emission vehicles.
- Relative Growth: The growth rate of clean energy jobs exceeded that of the overall U.S. economy and the rest of the energy sector.
Global Perspective
- Renewable Energy Job Growth: Globally, renewable energy jobs jumped from 13.7 million in 2022 to 16.2 million in 2023, reflecting an 18% increase year-on-year.
- Regional Leadership: China leads in renewable energy jobs, accounting for 46% of the global total, followed by the EU, Brazil, the U.S., and India.
- Investment and Policy: The rapid expansion highlights the impact of policy support and investment in renewable energy technologies worldwide.
Overall, the growth in renewable energy jobs not only surpasses the general economic growth rate but also underscores the sector’s potential as a significant source of employment globally.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/how-does-the-growth-of-renewable-energy-jobs-compare-to-the-overall-economy/
