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What part of “economics” does the World Economic Forum fail to understand? – Is it good?


David Middleton’s “Rhetoric Question” guest

If you can’t figure out why this is hilarious, you’ve probably overlooked economics (and basic arithmetic)…

Currently, wind and solar are as labor-intensive as the oil industry.

World Economic Forum on LinkedIn

LinkedIn post accompanied by a cute YouTube video:

World Economical Forums, seem to think this is something to brag about. If you can’t figure out why this is hilarious, you’ve probably overlooked economics (and basic arithmetic)…

According to the logic of the World Economic Forum, it takes more people to produce and supply 7% of the world’s basic energy needs than it takes to produce and supply 55% (oil and gas). burn).

It may actually happen that, by 2021, twice as many people will need to supply 40 EJ of “green” energy than are needed to supply 330 EJ of “oil industry” energy.

Renewable energy jobs reach 12.7 million globally
The new report confirms growth in renewable employment despite multiple crises and calls for targeted industrial strategies to create stable supply chains and stable jobs.

Press Release | September 22, 2022

GENEVA (ILO News) – Worldwide employment in renewable energy reached 12.7 million last year, an increase of 700,000 new jobs in a year, despite the lingering effects of COVID-19 and the global crisis. The energy crisis is on the rise, according to a new report.

Renewable energy and jobs: Annual review 2022 identified the size of the domestic market as the main factor affecting job creation in the renewable energy sector, along with labor and other costs. Solar energy is considered the fastest growing sector. In 2021, it provides 4.3 million jobs, more than a third of the current global workforce in the renewable energy sector.

[…]

International Labor Organization

Oil and gas production

The ILO estimates that nearly 6 million people are directly employed in the oil and gas industry, and more than 10 times as many jobs are created indirectly by the industry. Job opportunities for women in the Oil and Gas industry are increasing, but from a very low base. This may be due to the harsh working conditions in the industry: working long hours, especially in oil production; the workload is increasing day by day in difficult, remote and remote areas; Plan for shifts especially overseas when rotation patterns are constrained by transportation schedules and accommodation limitations. The oil and gas industry faces a shortage of skilled workers.

International Labor Organization

“Now it’s funny that I don’t care who you are. That’s funny. “

Renewable energy requires 300,000 more employees per output than the oil and gas industry. Whenever I see these “winning” articles about renewable energy using more people than fossil fuels, I always think of Photo of dozens of workers sweeping snow on the streets of Beijing during President Nixon’s historic visit to Red China in 1972.


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