World Economic Forum: About 150 thousand new jobs will be created from renewable energy projects in Vietnam
Renewable energy projects in 47 countries provide investment opportunities of up to 2.000 billion USD, while creating about 10 million jobs throughout the supply chain.
According to a newly published report by consulting firm EY-Parthenon, about 13.000 renewable energy projects from nearly 50 countries, from offshore wind farms in the UK to floating solar power plants in Vietnam, awaiting funding. These projects have an investment opportunity value of up to 2 trillion USD. According to a newly published report by consulting firm EY-Parthenon, these projects can create up to 10 million jobs.
The report emphasizes that the projects will create jobs locally and in the supply chain, as well as help reduce emissions and ensure a green recovery after the Covid-19 pandemic. Mr. Serge Colle, EY global energy consultant, affirmed that the study shows that "the potential for private sector investment in renewable energy is enormous", with appropriate policies and regulations. of governments around the world.
The report states that if projects are implemented quickly in the next three years, the pace of global renewable energy deployment will double as expected, while helping to reduce emissions by 3%.
Notably, China and the United States are the two markets that will benefit the most from this trend, with projects that could create 2 million and 1,8 million jobs, respectively. For Vietnam, the total number of jobs locally as well as in the supply chain is estimated to reach 100.000 - 150.000 from renewable energy.
Jobs range from construction, installation and manufacturing, to project management… In the UK, green energy offers huge potential for economic growth as well as creating more sustainable jobs, especially especially in the North of England and Scotland. Current projects include 540 projects, primarily solar and wind energy projects, with the potential to create up to 440.000 job opportunities.
The total number of projects will increase to 668 and total jobs will increase to 625.000 as storage, transmission and distribution projects are implemented, reducing job losses due to the Covid-90 pandemic by 19%. .
In South Africa, 184 projects ready to enter the construction phase have been identified with a total capacity of 10,3 GW that will help increase energy security, adding 18% of capacity. In addition, there is the potential to create up to 100.000 local jobs in the fields of construction, installation, operations and maintenance, along with another 53.000 job opportunities in the supply chain.
In Turkey, there are 238 renewable energy projects with a capacity of 11,9GW, providing investment opportunities worth $27 billion, which will help create an additional 110.000 job opportunities. This will boost Turkey's economic growth, creating opportunities to establish a strong renewable energy supply chain, with the potential to create regional industrial clusters to upgrade transition zones from coal energy.
However, Mr. Tim Lord, an energy expert at the Tony Blair Institute (headquartered in the UK), warned that in many places, the workforce still does not have the skills to deploy clean technology projects as well as meet the needs of the workforce. demand in the supply chain.
“This transition is not as simple as bringing in an oil and gas worker and training them to operate a wind turbine,” Mr. Tim emphasized. Overall, coordination between governments and businesses will be the "key" to developing infrastructure, as well as training the necessary skills to expand production and use of renewable energy, thereby helping to attract investment.
Typically in Vietnam, installed solar power capacity recorded an increase of 6,7GW in just the last month before the support price policy and FIT price ended in December 12. EY assesses that the FIT mechanism has the potential to create spillovers because it sets a determined price between electricity buyers and producers, protecting the producer's investment from market vulnerability.
According to CafeF