As we move into 2023, the renewable energy industry continues to snowball. This industry not only offers a solution to the environmental challenges of our time but also presents a unique opportunity for professionals to contribute to the transition to a more sustainable future. This article is an overview of the latest trends in renewable energy jobs and what job seekers can expect in the coming years.
Global Growth
The renewable energy sector has been on an upward trajectory for years, and the latest data confirms this trend. According to the International Renewable Energy Agency (IRENA), the renewable energy sector employed 12.7 million people globally in 2021, up by 5.8% from 2020, with the majority of those jobs being in the solar and wind industries. This number is expected to continue to grow, with IRENA estimating that renewable energy employment could reach 42 million jobs by 2050.
Figure 1 - Evolution of global renewable energy employment by technology (Renewable energy and jobs annual review 2021)
Countries Driving Growth
While renewable energy job growth is happening globally, a few countries are leading the charge. China has been the most significant player in the renewable energy industry, investing heavily in solar and wind energy projects. Other countries, such as the United States, India, Germany, Japan, and Brazil, have also been increasing their investments in renewable energy.
Figure 2 - Renewable energy employment in selected countries (Renewable energy and jobs annual review 2021, 2021)
Changing Roles and Skills
As the renewable energy industry grows, so does the demand for specific roles and skills. The industry is not only in need of engineers and technicians but also professionals with expertise in policy, finance, and marketing. Functions such as project managers, data analysts, and software developers are becoming increasingly important in the renewable energy industry. Data analysis, project management, and financial modeling skills are in high demand.
Policies and Regulations
Policies and regulations play a significant role in shaping the renewable energy industry and job growth. The renewable energy industry benefits from policies such as tax incentives, grants, and subsidies that encourage investment in renewable energy projects. The US government, for example, has implemented policies such as the Solar Investment Tax Credit to incentivize investment in renewable energy projects. Similarly, the European Union's Green Deal is a policy initiative that aims to make Europe the first climate-neutral continent by 2050, and it has led to significant investment in renewable energy projects.
Conclusion
As we move into 2023, the renewable energy industry presents a unique opportunity for professionals to contribute to the transition to a more sustainable future. The industry is growing rapidly, and specific roles and skills are in high demand. If you want to work in the renewable energy industry, now is the time to get involved.
Article by Jaroslav Holub
Published on April 20, 2023
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