These low-carbon technologies - all of which are readily available today - support the electrification and digitalization of the buildings sector, which is critical to reducing greenhouse gas emissions on a global scale. The study's job estimates will be fully realized over time in alignment with global net-zero goals targeting 2050, making this a reasonable timeline for 100% renovation of eligible buildings.

Job creation potential depends on both the region and type of building. For residential buildings, approximately 0.05 jobs can be created per building. For commercial buildings, it ranges between 0.3 and 4.7 jobs each. Due to the number of combined residential and commercial buildings, the job creation potential surpasses millions.

Europe envisions substantial job creation, with specific figures indicating the potential workforce growth in several key countries. France could potentially generate 295,000 jobs, closely followed by Germany with 257,000 jobs, Italy with 252,000 jobs, the UK with 247,000 jobs, Spain with 212,000 jobs, and the Netherlands with 66,000 jobs.

Significant job creation is anticipated across various regions of the United States with the West region with 182,000 potential jobs created, while the Midwest is projected to see an increase of 18,900 jobs. In the Northeast, 123,000 jobs are anticipated, and the South and Southeast regions are poised for substantial growth, with an estimated 319,000 jobs.

The greatest job creation potential is in using heat pumps for large buildings and battery storage in regions and building types with surplus solar energy, according to the study.

For heat pumps, solar PV, and batteries, the largest share of job years comes from construction and installation.

The research expands on two recent findings from the SRI that demonstrated over 60% carbon emissions reduction can also be achieved when implementing these low-carbon solutions and up to 70% when deploying digital building and power management solutions in existing office buildings.