2022 Prediction On Silver: There Will Be A Silver Shortage | How Much Will Silver Be In 2022


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12 million people are newly employed, thanks to new and old companies in the renewable sectors.

That’s according to the recent report by the International Renewable Energy Agency or IRENA and the International Labour Organization.

According to the report, in spite of the slowdown caused by the covid-19 pandemic, solar and wind jobs continued to grow and accounted for 4 million and 1.25 million jobs respectively.

IRENA data show that China commanded a 39% share of renewable energy jobs worldwide in 2020, followed by Brazil, India, the United States, and members of the European Union.

But even countries we rarely hear about when it comes to renewable energy are creating jobs in renewables. Among them are Viet Nam, Malaysia, Indonesia, Colombia, Mexico and the Russian Federation.

In Sub-Saharan Africa, solar jobs are expanding in diverse countries like Nigeria, Togo, and South Africa.

That’s not the best part. According to IRENA and ILO’s research, if you have experience in the renewable sector, you need not be afraid of losing your job because you will find a new one soon enough based on the number of businesses and companies that will open in the renewable sectors.

ILO global sustainability scenario to 2030 estimates that the 24-25 million new jobs will far surpass losses of between six and seven million jobs.

The organizations believe that by mid-century, solar would account for 19.9 million jobs, followed by bio-energy at 13.7 million, wind at 5.5 million and hydropower at 3.7 million.

In their view, energy transition technologies such as batteries for electric vehicles and green hydrogen could also become major sources of jobs, as electrolyzers and other green hydrogen infrastructure can create about 2 million jobs globally from 2030 to 2050.

That’s good news for silver, gold, palladium, and platinum. But especially silver. Silver is the main material used in renewable energy equipment such as solar panels.

So invest in silver now, while it hasn’t started its bull run to maximize the possibility of gains.

If you want to know your options or you just have questions about investing in precious metals, our associates are ready to help you. Call us (877) 646-5347. It will be a no-pressure conversation. You can also start by downloading our gold and silver guide at noblegoldinvestments.com

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