Employment in the energy sector, double the global rate - The industry employed 76 million people last year, with a 2.2% increase
A new report from the International Energy Agency (IEA) shows that by 2024, the rate of employment growth in the energy sector was twice as high as in the global economy as a whole. On the other hand, the organization warns of a shortage of skilled labor in key sectors.
According to the report, the energy sector employed 76 million people last year. Investment in energy infrastructure contributed to employment growth of 2.2%, almost double the global rate of 1.3%.
The shift to electrification is dramatically transforming the structure of the workforce. For the first time, the energy sector has surpassed fuel supply in terms of employment. The number of people employed in electricity generation, transmission, distribution and storage has expanded by 3.9 million over the past five years, reaching 22.6 million people, almost three-quarters of all new jobs in the energy sector.
Renewables, particularly solar power, are the main drivers of this expansion. Solar power alone accounts for 50% of all new positions in the energy production sector as of 2019. The total number of jobs in this sector is estimated at around five million.
Nuclear power, grid expansion and energy storage together account for a quarter of new jobs in the sector since 2019, despite challenges such as rising component costs and labor shortages.
While employment in the wind sector grew by just 3% in 2024, reaching 1.7 million jobs, compared with an average annual rate of 5% over the previous five years. According to the latest data, rising procurement costs and reduced government subsidies have slowed project development and delayed new investments.
Despite the data, the report highlights a significant shortage of skilled labor. Technical occupations such as electricians, pipefitters, power line workers, plant operators and nuclear engineers are particularly in demand. According to a survey by the International Energy Agency, 60% of companies reported labor shortages.
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