World Energy Employment 2023 Report

21.11.2023

World Energy Employment 2023 Report , Daily Current Affairs , RACE IAS : Best IAS Coaching in Lucknow 

Why in the news?

    Recently the World Energy Jobs 2023 report was released by the International Energy Association.

Important points:

• On November 15, 2023, the International Energy Agency (IEA) released the Second Edition of the World Energy Employment (WEE 2023) report.
• In which it was reported that for the first time globally in 2021, clean energy jobs overtook fossil fuel jobs.
• Clean energy jobs now represent more than half of all energy sector jobs.
• The country created the fourth-highest number of new clean energy jobs in the past three years.

About the World Energy Employment 2023 Report:

• This annual report shows energy sector employment by sector, fuel, technology and value chain.
• The World Energy Employment Report 2023 includes for the first time employment data for the extraction of selected critical minerals, including copper, cobalt, nickel and lithium.
• The 2023 report measures energy employment needs across IEA scenarios against a 2030 outlook, outlining key policies that can help countries develop and retain a skilled energy workforce during the energy transition.

Conclusion of the World Energy employment 2023 Report:

• Global employment in the energy sector is expected to rise by 3.4 million from pre-pandemic levels to 67 million in 2022.
• “Clean energy sectors added 4.7 million jobs globally over the same period to reach 35 million.
• Fossil fuel jobs recovered more slowly after layoffs in 2020 and remain at 32 million, about 1.3 million below pre-pandemic employment levels.
• Job growth in clean energy as well as fossil fuel sectors in India remained positive compared to pre-pandemic levels in 2019.
• The report mentions five key sectors of the energy industry that generated maximum employment after the pandemic.
  • These sectors were solar PV, wind, electric vehicle (EV) and battery manufacturing, heat pumps and critical minerals.
• These five sectors employ approximately 9 million workers.
• Among all the sectors, Solar PV has emerged as the largest sector with around 4 million jobs.
• On the other hand, manufacturing of EVs and their batteries was the biggest source of growth.
  • EVs and batteries saw the fastest growth, with more than 1 million jobs added since 2019.
• Construction and manufacturing contribute more than half of current energy jobs, with an increase of 2.6 million jobs since 2019.
• The energy sector demands highly skilled workers; 36% of energy jobs are in high-skilled occupations, compared to 27% in the broader economy.

India in the report:

• Clean energy jobs drove global energy jobs growth over the past three years, but some regions, including India, Indonesia and the Middle East, saw growth in fossil fuel employment.
• Notably, India also created the fourth highest number of new clean energy jobs during 2019-22.
• India ranks third globally in the number of energy workers, after China and the Asia-Pacific region.

Report prepared:

• The report was prepared by the World Energy Outlook Division of the IEA's Sustainability, Technology and Outlook Directorate.
• In which data from International Labor Organization (ILO), United Nations Industrial Development Organization (UNIDO), Economic Research Institute (ERI) and National Labor Statistics were used.

                                                                              Source:PIB