China Could Capture New Energy Jobs Abandoned By U.S.

Trump to cede millions of high-wage jobs to China; Beijing will create 13 million jobs by 2020, investing $360 billion in clean energy, while Trump vows to abandon the sector.

Joe Romm, January 6, 2017 (ThinkProgress)

“China’s newest 5-year energy development plan invests a stunning 2.5 trillion yuan ($360 billion) in renewable generation by 2020. Of that, $144 billion will go to solar, about $100 billion to wind, $70 billion to hydropower, and the rest to sources like tidal and geothermal power…[It is forecast to employ over] 13 million people…[It] already has over 40 percent of all jobs in renewables, globally, while the U.S. has under 10 percent…[Clean energy jobs may be] the only major new source of sustainable high-wage employment in the coming decades…[because] rapid price drops in the core technologies have made clean energy a juggernaut…[and] the nations of the world unanimously committed in Paris to do what it takes to avoid catastrophic warming…] Delay-induced rebounds in CO2 emissions and critical time-scales to meet global warming targets found a ‘tenfold jump’ in clean energy technologies is needed to meet global emissions targets. That’s a $50 trillion (or more) commitment in the coming decades. So we are talking tens of millions of new jobs, something no other emerging sector can match…” click here for more

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