Trump decision could subtract from 8.1 million clean tech jobs

RENEWABLES CREATE THE MOST JOBS & THEY’RE LOCAL

TURBINE jobs smallMore than 8.1 million people were working in renewable energy worldwide during 2016, a 6% increase over a year before, compared with a decline of 18% for the oil and gas sector. In China, the numbers were 3.5 million people in renewables, compared with 2.6 million for oil and gas. Bloomberg said that 350,000 people were laid off in the oil and gas sector in the US between 2014 and 2016.2 Renewables create the most jobs and they create local jobs.

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CALIFORNIA SOLAR GROWTH SMALLER 2Not only are these real immediate jobs, but Trump could theoretically eliminate USA jobs in the future by limiting the country’s participation in the development of expertise, investment leadership, supply chain growth and so on, in a clean tech sector that will be worth trillions within a couple of short decades. One example: there are more than 2,754 solar companies in California, employing 75,598 people. In 2010, there were a couple hundred installations, in 2012 more than a thousand. In 2014, there were about 3500, and in 2016 more than 5000. In other words, 20% annual growth. And it’s expected to grow twice as fast, or by 200% over the next five years. All states and countries are actively competing for this work. It’s just business and ordinary technological change.

For more please see the book The New Energy Age at brucenagy.com.

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