Renewables Account for Half of Global Energy Employment – IEA

A new International Energy Agency (IEA) report shows global employment in the energy sector has risen above the level it was before the Covid-19 pandemic. According to the report, which provides the first ever assessment of energy jobs worldwide by region and technology, the increase has been driven by hirings in the clean energy sector. There are over 65 million people employed in energy jobs worldwide, representing roughly 2% of the total labour force. Clean energy has now surpassed 50% for its share of total energy employment, with nearly two-thirds of workers involved in manufacturing clean energy technologies and building new projects. The oil and gas sectors are also seeing an increase in employment, although they are “yet to fully recover” from the large declines in employment from the start of the pandemic. Under the IEA’s Net Zero Emissions by 2050 Scenario, 14 million new clean energy jobs would be created by 2030, with an additional 16 million workers projected to switch to new roles related to clean energy. Fatih Birol, the IEA’s Executive Director, said: “Governments, companies, labour representatives and educators must come together to develop the programmes and accreditations needed to cultivate this workforce and ensure the jobs created are quality jobs that can attract a diverse workforce.” 

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 © 2023 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top
Newsletter SignupReceive all the latest stories from the ESG Investor editorial team

Subscribe to our free weekly newsletter below and never miss a story.