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Market and industry trends

Most new renewables are solar, followed by wind then hydro then bioenergy. Investment in renewables, especially solar, tends to be more effective in creating jobs than coal, gas or oil. Worldwide, renewables employ about 12 million people as of 2020, with solar PV being the technology employing the most at almost 4 million. However, as of February 2024, the world's supply of workforce for solar energy is lagging greatly behind demand as universities worldwide still produce more workforce for fossil fuels than for renewable energy industries.

In 2021, China accounted for almost half of the global increase in renewable electricity.

There are 3,146 gigawatts installed in 135 countries, while 156 countries have laws regulating the renewable energy sector.

Globally in 2020 there are over 10 million jobs associated with the renewable energy industries, with solar photovoltaics being the largest renewable employer. The clean energy sectors added about 4.7 million jobs globally between 2019 and 2022, totaling 35 million jobs by 2022.