The latest report from the International Energy Agency highlights a 2.5 million job increase, boosting global energy sector employment, driven by growth in renewable energy, especially solar power

The global energy sector saw a significant boost in employment in 2023, with the number of jobs rising by 3.8% to reach 68 million, according to the latest findings from the International Energy Agency (IEA). This increase, amounting to 2.5 million new jobs worldwide, reflects the ongoing global shift towards cleaner, more sustainable energy sources.

The IEA’s report highlights the impact of investments in renewable energy technologies, particularly solar photovoltaic (PV) systems, which have driven much of the job creation. In fact, the solar PV industry alone accounted for over half a million of these new roles, driven by a record surge in installations. As the world pivots away from fossil fuels and moves towards eco-friendly alternatives, the energy sector continues to offer expanding job opportunities, from manufacturing to installation and maintenance.

The findings were released during COP29 in Baku, Azerbaijan, where international leaders are discussing global strategies to tackle climate change and accelerate the adoption of renewable energy. During the opening ceremony of the conference on November 11, Simon Stiell, the executive secretary of the UN Framework Convention on Climate Change (UNFCCC), underscored the momentum of the renewable sector, stressing that investments in clean energy infrastructure are projected to hit $2 trillion in 2024—almost twice the amount earmarked for fossil fuels.

This growing trend in renewable energy employment reflects the broader global effort to meet climate targets, as countries around the world focus on reducing carbon emissions and transitioning to greener energy systems. The IEA’s report reveals that solar, wind, and energy efficiency sectors have been key drivers of this employment boost.

The increase in jobs also reflects broader investments in the energy transition, with many nations incentivising the creation of green jobs as part of their climate action plans. The sector is expected to continue expanding as technological advancements and policy support fuel further growth in renewables.

As world leaders continue to meet in Baku for COP29, the energy sector’s robust growth is seen as a key part of the solution to global climate challenges. The IEA’s report serves as a timely reminder that transitioning to renewable energy not only helps in addressing environmental concerns but also offers significant economic opportunities in terms of job creation and sectoral development.