Stephan: Here is another proof of my Thereom of Wellbeing. Moving out of the carbon era will produce millions of good-paying jobs. As the article says, "Currently, an estimated 18 million people work in the energy industries—a number that is likely to increase, not decrease, to 26 million if we reach our global climate targets."
The carbon industries, of course, are bribing every member of Congress they can to protect their interests, and whores like Joe Manchin are only too happy to take their dollars. They also invest heavily in those industries. Just look at Texas: Fourteen Texas representatives and one senator, Republican Ted Cruz, have between $14.5 million and $35 million invested in the oil, gas, and coal industries.
Critics of a shift to a post-carbon economy often claim that a fossil fuel phase-out would leave millions of people unemployed. And while millions of fossil fuel industry jobs would indeed be lost under a robust climate policy, a study published Friday shows that overall energy sector employment would actually increase by over 40% by 2050 due to gains in renewable energy jobs.
“While fossil fuel jobs, particularly extraction jobs, which constitute 80% of current fossil fuel jobs, would rapidly decline, these losses would be more than compensated by gains in solar and wind jobs.” —Study
The study—conducted by the RFF-CMCC European Institute on Economics and the Environment in collaboration with researchers from the University of British Columbia and Chalmers University of Technology in […]