A recent study has revealed that the total number of green-energy jobs in the world has increased by 18% from 2022 to 2023. Jointly released by the United Nations Labor Organization (ILO) and Renewable Energy Agency (Irena) in Abu Dhabi, the report found that China had the most significant increase in green-energy jobs compared to every other nation.

According to the report, there were 16.2 million renewable-energy jobs in 2023, an 18% increase from 2022. Unsurprisingly, China accounted for nearly one-half of all renewable sector jobs at 7.4 million jobs, outpacing the entire European Union (EU) in both the manufacture and installation of green-energy systems.

China’s share of the total global capacity for wind and solar energy also went up from 16% and 2.6%, respectively, to nearly 43% between 2010 and 2023. Furthermore, the east Asian nation’s investment in clean energy from 2014 to 2023 was twice as much as the EU’s investment and three times as much as the United States’. China manufactures most of the world’s photovoltaic solar panels and undoubtedly has the most widespread network of renewable-energy infrastructure in the world.

The European Union, on the other hand, accounted for 1.8 million green-energy jobs. The report found that Germany had the highest share of wind-energy jobs at nearly 109,000 positions. Germany’s solar-energy jobs more than doubled between 2022 and 2023 to almost 155,000 positions last year. Furthermore, the report notes Germany generates 5.8% of the world’s solar-energy capacity and 6.8% of global-wind capacity.

Solar remains the most dominant form of renewable energy worldwide with 7.1 million jobs in 2023, with 4.6 million of these positions in China, a testament to the country’s massive solar-energy sector. In addition, while the European Union was in second place with 720,000 solar-energy jobs. The biofuels industry had 2.8 million positions followed by hydropower at 2.3 million and wind at 1.5 million.

Green-energy system installations reached a record 473 gigawatts (GW) in 2023 with a total global capacity of 3.87 terawatts by the end of the year. With 2030 only five years away, nations are scrambling to meet end-of-the-decade, green-energy milestones. On top of tripling the world’s green-energy capacity by 2030, most nations have also set other clean-energy targets as part of global efforts to cut greenhouse-gas emissions and arrest climate change.

The increasing numbers of green energy jobs creates an opportunity for these employed individuals to have the means acquire goods such as electric vehicles made by companies such as Mullen Automotive Inc. (NASDAQ: MULN) since these products are also aimed at helping in the climate change fight in just the same way as the clean-energy transition.

NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at https://ibn.fm/MULN

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