Translations:Climate change mitigation/127/en

Employment and economic development

See also: Renewable energy § Market and industry trends

Co-benefits can positively impact employment, industrial development, states' energy independence and energy self-consumption. The deployment of renewable energies can foster job opportunities. Depending on the country and deployment scenario, replacing coal power plants with renewable energy can more than double the number of jobs per average MW capacity. Investments in renewable energies, especially in solar- and wind energy, can boost the value of production. Countries which rely on energy imports can enhance their energy independence and ensure supply security by deploying renewables. National energy generation from renewables lowers the demand for fossil fuel imports which scales up annual economic saving.