At a time when the Global economy is struggling with weak trade, investment and wage growth, especially in the energy sector, the International Energy Renewable Energy Agency’s (IRENA) 2016 jobs Review points to an exception. The number of people working in renewables, World-wide, grew from 7.5 million in 2014 to 8.1 million in 2015. IRENA reports 5% growth in renewable jobs.
The ECOreport publishes Part 2 of The 5 Most Attractive Nations for Renewable Investments: The Other Face of Chinese Development
By Roy L Hales
There is no modern parallel for the pace of Chinese development. Economically speaking, China was a third world nation only decades ago. Now it has surpassed the US and enters 2015 as the World’s leading economyand biggest polluter. The other face of Chinese development is that it also leads the World in the development of renewable energy.
The latest Bloomberg prediction is that the solar industry will grow more than 20% in 2014. After consulting with “some of the world’s most knowledgeable and respected solar analysts” – Deustche Bank AG, HSBC Holdings Plc, Citigroup Inc., Yingli, NPD Solarbuzz,. Wacker Chemie AG, and PricewaterhouseCoopers LLP – Bloomberg suggests there will be around 44.5 GW installed. That is only a little less than the 46 GW suggested by the Deutsche Bank. The big story, from 2013, is the change of leadership amongst the World’s solar powers. Continue reading Solar market Expected to Grow 20% in 2014→