SEOUL, Republic of Korea; June 26, 2020 – Today, the Global Green Growth Institute (GGGI) released its Employment Assessment of Renewable Energy: Power sector pathways compatible with NDCs and national energy plans technical report.
This is the 12th report under GGGI’s Technical Reports Series. Lead Authors of the report include Dr. Stelios Grafakos, GGGI’s Principal Economist, Dr. Dereje Senshaw, Principal Energy Specialist, and Diana Alejandra Quezada Avila, GGGI Policy and Climate Finance Analyst.
With the current increasing demand for Renewable Energy (RE) employment studies at the national level, this study was developed to assess the employment creation potential of RE technologies based on future power sector scenarios for three GGGI Member countries: Mexico, Indonesia, and Rwanda. Goals of this study include estimating the jobs that can be created by selected RE technologies compared to selected fossil fuel-based technologies, providing estimates of the required investments for achieving NDC RE targets, and identifying and assessing the occupations and skills required by the RE sector for each stage of the value chain.
“As economies transit from fossil fuel-based energy to renewable energy sources, employment is a critical aspect of this transition, as much of the resistance to the green transformation comes from the fear of job losses in the brown economy,” shared GGGI Director-General, Dr. Frank Rijsberman. “As the results of our study demonstrate, renewable energy technologies have great potential to create jobs in short and medium term.”
The study found that, overall, all three countries assessed will benefit from investments in RE compared to investments in fossil fuel-based technologies, as RE has greater potential in terms of employment and economic value-added in the wider economy beyond the RE sectors.
Click here to read the full report.