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Saturday, February 4, 2023

Renewable energy can create three times as many jobs compared to fossil fuels – Report

A new report by the UK Energy Research Centre (UKERC) has found that renewable energy can create three times as many jobs per million pound invested as compared to fossil fuels.

Tesla-solar-Hawaii
Renewable energy: Solar panels

The report has looked into how many jobs can be created by policy support for investment in low carbon energy and energy efficiency compared to supporting fossil fuel incumbents.

It found that renewable energy can create three times as many jobs per million pound invested as compared to fossil fuels, and for energy efficiency this rises to a five-fold increase.

There is also a need for a new nationwide programme of energy efficiency and heat decarbonisation retrofitting in UK buildings which could help to stimulate ongoing, countrywide demand for low carbon jobs over several decades.

The report also states that green skills supply and demand, including access to and provision of training and apprenticeships, will need to be carefully co-ordinated with policies supporting green job creation.

The findings underlined a relative lack of metrics and data measuring quality, skills, and geographic distribution of low carbon job creation, and these should be priority areas for further research.

Read the full report here.

Courtesy: Climate Action

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