Boost to clean energy investment could drive 10 million new green jobs

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  • 06 Jul 2021
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Boost to clean energy investment could drive 10 million new green jobs

From offshore wind farms in Britain to floating solar power plants in Vietnam, about 13,000 renewable energy projects in nearly 50 countries are waiting for finance - and could create up to 10 million green jobs, consultancy EY-Parthenon said on Wednesday. In a report, EY said the projects offered $2 trillion in investment opportunities that would generate jobs locally and in supply chains, and would help slash climate-heating emissions and secure a green recovery from the pandemic. Serge Colle, EY's global energy advisor, said the research showed there was "huge potential to accelerate private-sector renewables investment" with the right government policies and regulation around the world. If the projects identified were implemented in the next three years, they would more than double the rate of global renewables deployment, while delivering 22% of emissions reductions promised this decade by the 47 countries covered in the research, which include G20 nations, the report said.

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