A Sustainable Investment in Journalism

A sustainable business requires diverse revenue streams. ESG Investor now operates a subscription service as of Tuesday 14th May. To find out more please get in touch with our subscription team on subscriptions@esginvestor.net

Clean Energy Jobs Booming – IEA

The International Energy Agency’s (IEA) World Energy Employment 2023’ report has revealed a significant surge in energy job opportunities in 2022, driven by investments in clean energy technologies. “Governments, industry, and educational institutions need to put in place programmes to deliver the expertise needed in the energy sector to keep pace with growing demand, particularly to manufacture and build the clean energy projects necessary to meet our energy and climate goals,” said Executive Director Fatih Birol. According to the report, the global energy workforce reached 67 million in 2022, marking a notable uptick of 3.5 million from pre-pandemic levels. The surge primarily unfolded in sectors like solar photovoltaic (PV), wind, electric vehicles (EVs) and batteries, heat pumps, and critical minerals mining. Solar PV emerged as the largest employer, accounting for four million jobs, while EVs and batteries experienced the most rapid growth, adding over one million jobs since 2019. While fossil fuel industries also witnessed a rise in employment, the rebound was more subdued, with employment levels still below pre-pandemic figures. Clean energy jobs now surpass fossil fuels, representing over half of total energy sector employment. “The unprecedented acceleration that we have seen in clean energy transitions is creating millions of new job opportunities all over the world – but these are not being filled quickly enough,” said Birol. The report also highlighted a pressing issue of skilled labour shortages, echoing concerns voiced by 160 energy firms globally. The disparity between growing demand and the number of workers pursuing relevant degrees or certifications poses a significant challenge. “Governments and industry need to address the gap between workforce demand and available skills to ensure a smooth energy transition,” Birol added. 

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top