Press Release: Commission’s study finds out that European 20% renewables target can give jobs to 2.8 million people

Reaching the 2020 renewable energy targets is expected to lead to around 2.8 million jobs in the renewable energy sector and generate a total value added of around 1.1% of GDP. This was the main conclusion of a European Commission's study on the impact of renewable energy policy on economic growth and employment in the European Union (Employ-RES) which is available in the internet as of 2 June, 2009. Energy Commissioner Andris Piebalgs said: 'This shows that benefits of renewables in terms of security of supply and fighting climate change can go hand in hand with economic benefits.'