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America's clean energy jobs grow at twice national rate

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By illuminem briefings

· 2 min read


illuminem summarizes for you the essential news of the day. Read the full piece on Forbes or enjoy below:

🗞️ Driving the news: Clean energy jobs in the United States are expanding at more than twice the rate of the overall economy, with 142,000 new jobs added in 2023 alone
Federal climate policies, including the Inflation Reduction Act (IRA), have spurred significant investments in clean energy technologies, resulting in job creation and economic growth

🔭 The context: Since the passage of the IRA in August 2022, nearly $500 billion has been invested in the clean energy sector, generating substantial private investment and creating more than 334,000 jobs
These jobs are concentrated in high-growth areas like wind and solar energy, battery manufacturing, and energy-efficient construction, often in communities with below-average wages

🌍 Why it matters for the planet: The rapid growth of clean energy jobs supports the transition away from fossil fuels, contributing to lower carbon emissions and mitigating climate change
These jobs provide economic opportunities with higher wages and increased union participation, benefiting workers and helping drive a more sustainable economy

⏭️ What's next: As federal policies continue to promote clean energy, job growth in sectors like electric vehicle manufacturing and energy-efficient building retrofits is expected to accelerate
The U.S. aims to maintain its leadership in the global clean energy market, projected to be worth $1.8 trillion in 2023

💬 One quote: “The data clearly show that clean energy means jobs – good jobs, union jobs, and jobs retained – in communities across the country as we race to dominate the global clean energy economy,” said U.S. Department of Energy Secretary Jennifer Granholm

📈 One stat: Clean energy jobs grew by 4.2% in 2023, more than double the national job growth rate, adding 142,000 new positions

Click for more news covering the latest on energy transition

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