Renewable energy projects already in preparation will create 625,000 jobs in the UK-maybe According to a new report commissioned by the European Climate Foundation, 90% of the losses caused by the Covid-19 crisis have been made up.
A total of 13,000 projects have been identified worldwide and are expected to create 10 million jobs in 47 different countries, of which Invest 2 trillion US dollars to build 1 terawatt of renewable energy power generation capacity.
A spokesperson said: “In the UK, green energy offers great potential for continued job creation and economic growth, especially in northern England and Scotland.”
This new report written by expert Ernst & Young (EY) confirms The 540 major solar and wind energy projects that are about to start in the UK have created 438,667 jobss.widthStorage, transmission, and distribution items increase, and these numbers rise to 668 projects and up to 625,000 jobs.
EY Global Energy Consultant Serge Colle said: “This new report highlights the huge potential for accelerating private sector renewable energy investment through the application of the best government policies and regulatory frameworks through global cooperation between the government and the private sector.
“This multi-country report uses a bottom-up approach and outlines the pipeline of’ready’ investable projects that can be unlocked to achieve a green recovery.”
The Ernst & Young Global Research covers 47 countries, so only a part of the total global opportunity is listed, which is much larger.
In addition to global research, Ernst & Young has also been commissioned by ECF to compile three national “in-depth research” reports, which are currently being launched in the UK, Turkey and South Africa.
In South Africa, 184 “ready” projects with a total of 10.3 GW have been identified that will enhance energy security, increase total power generation by 18%, and create 102,000 construction, installation, operation and maintenance jobs locally, as well as another 53,000 Supply job chain.
In Turkey, the construction of visible pipelines for 238 projects with 11.9GW of renewable energy represents a US$27 billion investment opportunity and will support 110,000 Turkish jobs.
This will accelerate Turkey’s economic growth and provide opportunities for the establishment of a strong renewable energy supply chain, and it is possible to create regional industrial clusters to “upgrade” specific coal transition regions.
Brendan Montague is the editor Ecologist.