Renewable Energy Could Create 10 Million Jobs, Study Suggests

An EY-Parthenon study suggests that with about $2 trillion investment, 13,000 renewable energy projects will become a reality, creating 10 million new jobs.

Currently, there are about 13,000 renewable energy projects ready to finance worldwide. A recent EY-Parthenon study suggests that with about $2 trillion investment, all of these projects will become a reality. Plus, this will create 10 million jobs.

The European Climate Foundation commissioned EY-Parthenon, a global strategy consulting firm, to identify investment opportunities in the renewable energy sector.

The EY-Parthenon research team identified 13,000 global renewable energy projects spread across 47 well-known economies — in the Americas, Europe, Asia, Oceania, and Africa.

According to the EY-Parthenon study, this could be a viable COVID-19 financial recovery plan that would also reduce 2.5 gigatons of greenhouse gas emissions.

Deployment of good-to-go projects would reduce greenhouse gas emissions by 2.5 giga tonnes of CO2 equivalent (GtCO2e) annually, helping to close 9% of the global emissions reduction target for 2030 set out by the Intergovernmental Panel on Climate Change (IPCC) to limit global warming below 1.5°C.

Serge Colle, EY Global Energy & Resources Industry Market Leader

The study argues that the initiative will not only create high-skill jobs for STEM graduates but also create opportunities for lower-skilled jobs through construction, manufacturing, and installation.

Samira is an Electronics and Communications Engineer by profession, but deep inside, her heart is a nomad! She's a state champion debater, a public speaker, a scriptwriter, a theatre actress, but most importantly — A GREEN CITIZEN! She thinks of herself as a storyteller who thrives on enjoying the life at fullest and telling everyone the tales of life.

GreenCitizen Newsletter

Our newsletters cover sustainable living guides, green product reviews, latest environmental issues, business practices, & more. Let’s get started.

Leave a Reply

Your email address will not be published. Required fields are marked *