New research says job growth from clean energy will dramatically outpace that from fossil fuels over the next decade – as long as future Canadian governments maintain or increase attempts to fight climate change.
“The clean-energy sector is a good-news story that no one’s talking about,” said Merran Smith of Clean Energy Canada, a think tank based at Simon Fraser University in British Columbia. “There is nothing to fear about moving forward on climate action.”
Earlier this year, the group released research that found Canada’s clean-energy sector – which encompasses renewable energy and energy conservation – had already produced 300,000 jobs by 2017.
Further study made public Wednesday projects job growth in the sector to significantly outperform most other parts of the economy.
Using recognized economic modelling tools, it suggests that direct jobs from clean energy will grow at a rate of 3.4 per cent a year between 2020 and 2030. That’s nearly four times the Canadian average.
The same models suggest fossil fuel industries will slowly lose jobs over that time.
Smith said the data shows clean energy employment could reach nearly 560,000 by the end of the next decade. That’s 160,000 new jobs, more than enough to make up for the 50,000 jobs which fossil fuels are expected to shed.
The study also forecasts money flowing into clean energy will grow 2.9 per cent a year. Fossil fuel investment is expected to shrink.
Fossil fuels will be bigger than clean energy for years to come. But what the research shows, Smith said, is that new jobs and growth will come from the latter.
“The fast lane is clean energy,” she said. “This is where we’re seeing job growth.”
