New research from Clean Energy Canada, a think tank from the Simon Fraser University in British Columbia has found that job growth from the clean energy technology sector will substantially surpass that of the fossil fuels industry in the coming decade. The estimates are likely to come true as long as the future Canadian governments maintain and increase their efforts to combat climate change.
Merran Smith from Clean Energy Canada stated: “The clean-energy sector is a good-news story that no one’s talking about. There is nothing to fear about moving forward on climate action.” According to the group’s research the country’s clean energy sector which largely comprises energy conservation and renewable energy projects had generated more than 300,000 jobs by the end of 2017.
In addition, the study has also estimated that the growth of jobs from this sector is also expected to surpass those from numerous sectors in the Canadian economy. The research estimates that direct jobs from the sector will increase between 2020 and 2030 by approximately 3.4 per cent on an annual basis, which is around 4 times the nationwide average.
Major Contributions from Deep De-carbonization
The fossil fuels sector is expected to shed jobs and investment in the same period of time. However, the new jobs and increased investments from the clean energy sector is expected to more than compensate for the jobs lost in the fossil fuel sector.
While fossil fuels will dominate clean energy for years in the future, the growth is expected to come from clean energy. Applications in deep de-carbonization are expected to be job intensive. Kent Fellows a researcher at the School of Public Policy at the University of Calgary suggested that climate change prevention methods have not cost the country any jobs, but have contributed to them:
“They show that either you’re pretty stable or maybe you’ve got a little bit of an increase in employment. The fears of losing jobs everywhere are probably misguided.” Solar and wind power sources along with electric vehicles are expected to be key factors in job and industrial growth for the future.