• 9 hours Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 10 hours Oil Gains Spur Growth In Canada’s Oil Cities
  • 10 hours China To Take 5% Of Rosneft’s Output In New Deal
  • 11 hours UAE Oil Giant Seeks Partnership For Possible IPO
  • 12 hours Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 12 hours VW Fails To Secure Critical Commodity For EVs
  • 13 hours Enbridge Pipeline Expansion Finally Approved
  • 14 hours Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 15 hours OPEC Oil Deal Compliance Falls To 86%
  • 1 day U.S. Oil Production To Increase in November As Rig Count Falls
  • 1 day Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 1 day Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 2 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 2 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 2 days Aramco Says No Plans To Shelve IPO
  • 4 days Trump Passes Iran Nuclear Deal Back to Congress
  • 4 days Texas Shutters More Coal-Fired Plants
  • 4 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 5 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 5 days Chevron Quits Australian Deepwater Oil Exploration
  • 5 days Europe Braces For End Of Iran Nuclear Deal
  • 5 days Renewable Energy Startup Powering Native American Protest Camp
  • 5 days Husky Energy Set To Restart Pipeline
  • 5 days Russia, Morocco Sign String Of Energy And Military Deals
  • 5 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 5 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 5 days India Needs Help To Boost Oil Production
  • 6 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 6 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 6 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 6 days District Judge Rules Dakota Access Can Continue Operating
  • 6 days Surprise Oil Inventory Build Shocks Markets
  • 6 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
  • 6 days Syria’s Kurds Aim To Control Oil-Rich Areas
  • 7 days Chinese Teapots Create $5B JV To Compete With State Firms
  • 7 days Oil M&A Deals Set To Rise
  • 7 days South Sudan Tightens Oil Industry Security
  • 7 days Over 1 Million Bpd Remain Offline In Gulf Of Mexico
  • 7 days Turkmenistan To Spend $93-Billion On Oil And Gas Sector
  • 7 days Indian Hydrocarbon Projects Get $300 Billion Boost Over 10 Years
Global Energy Advisory 13th October 2017

Global Energy Advisory 13th October 2017

Tensions between Iran and the…

The U.S. LNG Boom Could Be About To Stall

The U.S. LNG Boom Could Be About To Stall

United States LNG has seen…

Renewables Jobs To Double By 2030

Solar Farm

The number of people working in the renewable energy industry globally could rise to 24 million by 2030, compared to 9.8 million in 2016, the International Renewable Energy Agency (IRENA) said on Wednesday in its annual review 2017.

“As the scales continue to tip in favour of renewables, we expect that the number of people working in the renewables sector could reach 24 million by 2030, more than offsetting fossil-fuel job losses and becoming a major economic driver around the world,” IRENA Director-General Adnan Z. Amin said in the agency’s press release.

Commenting on the past five years, Amin noted:

“Falling costs and enabling policies have steadily driven up investment and employment in renewable energy worldwide since IRENA’s first annual assessment in 2012, when just over seven million people were working in the sector.”

The number of jobs in the solar and wind power generation sectors combined has more than doubled over the past four years, Amin said.

The agency’s report found that 62 percent of all renewable energy jobs are based in Asia, as installation and manufacturing continues to shift to the region.

The individual countries accounting for most of the clean energy jobs last year were China, Brazil, the U.S., India, Japan, and Germany.

Among the clean energy sectors, solar photovoltaic (PV) was the biggest employer last year, giving jobs to 3.1 million people, a 12-percent increase over 2015, mostly in China, the United States, and India.

Related: OPEC Monitoring Committee Proposes Nine-Month Extension

In the U.S., solar industry employment grew 17 times faster than the economy, with the number of jobs jumping 24.5 percent annually to more than 260,000 last year.

At the end of March, IRENA said that renewable energy generation capacity worldwide rose by 161 gigawatts last year—the strongest year ever for new capacity additions, with solar leading the growth.

The U.S. solar industry posted its best year on record in 2016, smashing previous records by installing 14.6 gigawatts of new solar, a 95-percent surge from the 7.4 GW installed in 2015, the previous record year.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • Oilracle on May 25 2017 said:
    ---we expect that the number of people working in the renewables sector could reach 24 million by 2030, more than offsetting fossil-fuel job losses and becoming a major economic driver around the world---

    This statement is positive only in the context of a socialist economy. But the true "economic driver" is __productivity__. It is logical that if the fewer people (by their total salary) produce a maximum of energy, - the better the world would be!
  • Lee James on May 25 2017 said:
    Harnessing the wind and the sun is a bit of transition, but it's accelerating. The economics of renewable energy are looking good. But we also need to grow clean power and robust local electric grids and power for strategic reasons.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News