Updated: Dec 28, 2022
Cumulative job gains in the offshore wind, solar and transportation industries – already expected to be strong – could be far higher than potential job losses.
By Debra Coyle
Published in ROI-NJ.com - July 29, 2022
The wind is blowing in the right direction for job creation in New Jersey. Cumulative job gains in the offshore wind, solar and transportation industries – already expected to be strong – could be far higher than potential job losses if the state not only follows through but doubles down on its 100% clean energy commitment by 2050, according to a new Applied Economics Clinic report.
The report says nearly 300,000 more job-years in the clean energy industry could be gained, translating into about 11,000 jobs annually, than would be created without new, ambitious policies. One job year is equivalent to one person working full-time for one year. Over the past few years, the cost of clean energy technologies has rapidly declined, making zero-carbon solutions not only healthier and safer but increasingly more affordable than fossil fuel. Newer, more efficient energy technologies are being developed and deployed across all sectors: longer duration batteries, more efficient solar panels, new construction and operation of wind turbines, and longer-range electric vehicles.