Not only is investing in clean energy contributing towards reduction in climate change, and a stable long-term investment but it now appears is benefiting the economy. A study by the UK Energy Research Centre (UKERC) shows that renewable energies create up to ten times more jobs per unit of electricity produced than that of fossil fuels.
The study, published 5th November 2014, looked at the impact on employment through renewable energy and energy efficiency policies. The data, compiled from fifty studies across Europe, USA and China, showed that solar electricity creates between 0.4 – 1.1 jobs per GWh generated. Comparatively fossil fuels accounted for between 0.1 – 0.2 for same amount of power generated. Wind power creates between 0.05-0.5 jobs, and energy efficient policies accounting for between 0.3 and one job per GWh saved.
From these results it is estimated that renewable energy production creates up to one job more than fossil fuels per GWh produced, with solar electricity at the helm.