“Where­as the fos­sil fuel indus­try employs about 900,000 peo­ple in the U.S., green econ­o­my jobs — those asso­ci­at­ed with non-oil ener­gy — num­ber about 9.5 mil­lion,” writes long-time Slash­dot read­er David­Hu­mus, cit­ing a new study by two researchers at Uni­ver­si­ty Col­lege Lon­don.

On Ars Tech­ni­ca the study’s authors shared their analy­sis of Amer­i­ca’s emerg­ing green econ­o­my:

Accord­ing to new data, by 2016 it was gen­er­at­ing more than $1.3 tril­lion in annu­al rev­enue and employed approx­i­mate­ly 9.5 mil­lion peo­ple — mak­ing it the largest green mar­ket in the world. It has been grow­ing rapid­ly, too — between 2013 and 2016, both the indus­try’s val­ue and employ­ment fig­ures grew by 20%… Our study esti­mates that rev­enue in the glob­al green econ­o­my was $7.87 tril­lion in 2016. At $1.3 tril­lion, the U.S. made up 16.5% of the glob­al mar­ket — the largest in the world.

Our analy­sis also sug­gests that in the U.S., near­ly ten times more peo­ple were employed in the green econ­o­my and its sup­ply chains (9.5 mil­lion) than employed direct­ly in the fos­sil fuel indus­try (rough­ly 1 mil­lion) — that is, min­ers, elec­tric­i­ty grid work­ers, infra­struc­ture man­u­fac­tur­ers, and con­struc­tion work­ers. This wide gap comes despite the U.S. fos­sil fuel indus­try receiv­ing huge sub­si­dies, esti­mat­ed at $649 bil­lion in 2015 alone.