UAE Business: Renewable energy jobs hit 12.7 million globally – Gulf Digital News

UAE Business: Renewable energy jobs hit 12.7 million globally – Gulf Digital News

Worldwide employment in renewable energy reached 12.7 million last year, a jump of 700,000 new jobs in one year, despite the lingering effects of Covid-19 and the energy crisis, according to a new report.

Renewable Energy and Jobs: Annual Review 2022 identifies domestic market size as a major factor influencing employment generation in renewables, along with labour and other costs. Solar energy was found to be the fastest-growing sector. In 2021 it provided 4.3 million jobs, more than a third of the current global workforce in renewable energy.

The new report was published by the International Renewable Energy Agency (Irena) in collaboration with the International Labour Organisation (ILO), during the Global Clean Energy Action Forum in Pittsburgh, US.

Localising supply chains

With rising concerns about climate change, Covid-19 recovery and supply chain disruption, national interest is growing in localising supply chains and creating jobs at home. The report describes how strong domestic markets are key to anchoring a drive toward clean energy industrialisation.

Developing renewable technology export capabilities is also dependent on this, it adds.

Francesco La Camera, Irena’s Director-General, said: “In the face of numerous challenges, renewable energy jobs remain resilient, and have been proven to be a reliable job creation engine. My advice to