Green jobs are on the rise, as evidenced by a study produced by the Association for Renewable Energy and Clean Technology that was published in October. The sector has seen a 3.7% increase in market value, signifying a recovery after the COVID-19 outbreak.
Here are some noteworthy figures extracted from the report:
- The sector employs the equivalent of 140,760 individuals.
- The sector's value has grown from £18.8 billion to £23 billion.
- The 3.7% growth is still below the levels observed before 2020 when it ranged from 5% to 9.6% annually.
- Offshore wind energy has experienced a significant 13.9% increase.
- Solar PV has shown an 11.3% increase.
The future looks promising, with the economy expected to grow to £38 billion and the number of employees to reach 174,200. Of particular interest, the report highlights Anaerobic Digestion as a high-growth area, one that is often overlooked.
For those unfamiliar with the term, the EPA defines it as "a process in which bacteria break down organic matter—such as animal manure, wastewater biosolids, and food wastes—in the absence of oxygen."
Another sector with potential for the future is Wave and Tidal energy, where the technology is still in development but is expected to grow substantially from 2030 onwards.
For more in-depth information, we recommend reading the full report here.