IRENA Proposes a Plan Worth $2tn to bring 5.5m Renewables Jobs by 2023

The International Renewable Energy Agency (IRENA) has dedicated its yearly renewable energy jobs report mobilizing governments to put efforts in doubling their annual venture in energy conversion technology to an estimated 2 trillion US dollars starting the year 2021 to 2023 to exploit renewables recruitment to boost global recovery from the coronavirus pandemic.

The agency, which is situated in the UAE, stated that by investing in that margin, there would be a generation of almost 5.5 million clean energy employment opportunities by the year 2023. This would be a higher number, especially in the run to compensate for the massive job losses running into a million taking place in fossil fuel industry over similar period of time. 

With the world governments opting to invest an average of 4.5 trillion US dollars annually in the clean energy tech for the next ten years, then the renewables would be able to offer employment to over 30 million people by the year 2030 and generate over 42 million employment opportunities in a 100 million-strong energy industry employment by 2050.  

The numbers accruing from the recruitment data of up to 2050 would accrue to 62% extra employments in the energy sector, which are envisioned in the globe’s governments’ current strategies.

According to the current Renewable Energy and the Jobs report which was circulated by IRENA, there was an expansion in the solar employees by 4% from the year 2018, which accounted for 3.8 million opportunities in the renewable energy personnel which saw an increment from 11 million in the year 2018 to 11.5 million in 2019.

The off-grid solar for worldwide employment has played a crucial role in the creation of employment in the world, and the indication for the program’s success is the estimated 95,000 individuals being employed in India by decentralized solar segment in the previous year and the figure are expected to double in the next two years. There have been 10,000 employment opportunities in Kenya, with the numbers expected to rise by 70% over the same time span.

According to the jobs update, the hindrances to the Indian solar deployment included low electricity tariff ceilings, inadequacy in lands, shortfalls in the grid, salaries being paid late, and the country’s currency’s devaluation.

According to a report by IRENA, the Indian solar workforce dropped by 109,000 in 2019.  IRENA indicated that the menace of new technology that does include drones and A.I presented a threat to clean job opportunities as they can function more efficiently in terms of time and cost compared to human beings.