VANCOUVER, British Columbia, June 17, 2021 (GLOBE NEWSWIRE) -- As jobs in fossil fuels decline amid a shifting global landscape, rapid growth in Canada’s clean energy sector will more than make up the difference.
So finds a new modelling report, The New Reality, from Clean Energy Canada and Navius Research, which forecasts changes in jobs, GDP and investment in Canadian energy between 2020 and 2030.
Canada’s clean energy sector already employs 430,500 people—more than the entire real estate sector—and by 2030, that number is projected to grow almost 50% to 639,200 under the federal government’s new climate plan. At the same time, Canada’s fossil fuel sector will see a 9% drop in employment. In terms of raw numbers, the 208,700 new clean energy jobs added by 2030 far exceed the 125,800 lost in fossil fuels.
Canada’s clean energy sector is made up of companies and jobs that help reduce carbon pollution, whether by generating clean energy, helping move it, reducing energy consumption, or making low-carbon technologies. It includes a wide range of jobs, from the worker assembling battery packs for new electric buses to the insulator retrofitting homes so they waste less energy.
Clean energy growth is particularly pronounced in Canada’s biggest oil-producing regions. While currently behind provinces like B.C. and Quebec, Alberta is set to see 71,700 jobs in its clean energy sector by 2030, a 164% increase over 2020—the greatest increase of any Canadian province. Meanwhile, Saskatchewan will also see clean energy jobs double.
The International Energy Agency recently concluded that if the world is to reach net-zero emissions by 2050, no new oil and gas exploration and development will be needed going forward.
The good news is that Canada’s clean energy sector is positioned to thrive, with many innovative companies already exporting their clean goods and services.
As the report concludes, oil and gas may have dominated Canada’s energy past, but it’s Canada’s clean energy sector that will define its new reality.
There will be 639,200 jobs in Canada’s clean energy sector in 2030, up from 430,500 in 2020.
Clean energy jobs are set to grow almost 50%, while jobs in fossil fuels are on track to drop 9%, representing 208,700 additional jobs in clean energy and 125,800 fewer jobs in fossil fuels.
The clean energy sector’s GDP is forecast to grow 58% by 2030.
By 2030, clean energy will make up 29% of Canada’s total energy GDP, up from 22% in 2020.
The fastest-growing clean energy industry is electric vehicle technology, with jobs on track to grow 39% per year to reach 184,000 in 2030—a 26-fold increase over 2020.
Another industry expected to take off is hydrogen consumption technology, with jobs expected to grow 27% per year between 2025 and 2030, employing 21,900 workers by 2030.
Canada’s new climate plan, announced in December 2020, is expected to create 85,000 more clean energy jobs in 2030 than would have existed under the old plan.
To date, 127 countries, including the U.S and Canada, representing 63% of the world’s emissions have adopted or are considering net-zero emissions targets.
Report | The New Reality
Clean Energy Canada (cleanenergycanada.org) is a climate and energy think tank housed at the Centre for Dialogue at Simon Fraser University. We work to accelerate our nation’s transition to a clean and renewable energy system.