Donald Trump has talked a lot about bringing back jobs but despite his campaign promises, and incessant boasting when he manages to save a few hundred, his blind embrace of the dying fossil fuel industry is costing the country millions of well-paying jobs.
According to a press release by the International Renewable Energy Agency (IREA,) the renewable energy industry is growing, whereas traditional energy sources, such as coal, and even oil, are slowly declining.
‘The continued job growth in the renewable energy sector is significant because it stands in contrast to trends across the energy sector. This increase is being driven by declining renewable energy technology costs and enabling policy frameworks. We expect this trend to continue as the business case for renewables strengthens and as countries move to achieve their climate targets agreed in Paris.’
Some supporters of the fossil fuel industry claim renewable energy is simply a passing fad, but such beliefs do not line up with the economic and legal realities. For starters, the cost of the materials necessary to produce clean power has declined in recent years.
The Paris Agreement mandated that the signatories of the treaty agree to commit to the goal of zero emissions by the second half this century.
A study conducted by Duke University found that a “tenfold” jump in the funding of green technology is necessary in order to meet the goals set by the Paris Agreement. This could, potentially, be a $90 trillion dollar industry that Trump is simply ignoring.
However, simply because Trump is ignoring such a large industry does not mean the rest of the world is. In fact, China is currently overseeing a massive investment in the area of renewable energy. Over the course of the next three years, China will invest more than $360 billion into renewable energy development.
China, which is already the world’s leader in terms of green energy employment and the country’s National Energy Administration says this initiative will add more than 13 million jobs to the economy.
Trump’s slogan was “Make America Great Again” and implicit in that slogan was the belief that the solutions to our problems lie in looking to the past, but that’s merely a marketing strategy. Coal is dying and manufacturing is slowly being automated. If Trump were to invest in green energy, he would create millions of jobs, but he doesn’t seem interested in that.
Featured image via Getty Images.