Employment in clean energy is set to grow, Trend reports with reference to the International Energy Agency (IEA).
“Quantifying the employment effects of energy transitions facilitates proper planning of support measures including training and education programs. Countries are designing programs that seek to take advantage of existing strengths in fossil fuel sectors to support emerging areas such as offshore wind, CCUS, geothermal and hydrogen. The United Kingdom’s North Sea Transition Deal is one such example. Other countries, including South Africa, have instituted broad social dialogue on just and inclusive transitions, encompassing companies, trade unions, regional and local governments, civil society and the financial sector,” reads the IEA report.
The report reveals that as transitions gain pace, there will be increased competition for clean energy supply chains and related jobs.
“Most clean energy jobs are created in the same location of a project, whether it is a solar farm construction or energy-efficiency retrofits. However, clean energy supply chains extend around the globe. Some governments are looking to localize these supply chains, and are making strategic investments in low-carbon technologies such as advanced batteries and low-carbon fuels. Favoring domestic manufacturing capacity can lead to more secure supply chains, but can also drive up clean energy technology costs if it poses barriers to trade and reduces economies of scale.”