Tag: IEA

Clean technologies are driving job growth in the energy sector, but skills shortages are an increasing concern

Stuart Mitchell

IEA report examines energy employment worldwide by region and technology, offering vital analysis on the industry’s evolving labour needs. The number of jobs in the global energy sector rose in 2022 as growing investment in clean energy technologies drove demand for new workers in every region of the world, according to a new IEA report that offers a benchmark for employment across all energy industries. The second edition of the World Energy Employment report, which is published annually, maps energy sector employment by region, fuel, technology, and value chain. The report provides…

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Clean energy investment is extending its lead over fossil fuels, boosted by energy security strengths

Stuart Mitchell

Investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability and security concerns triggered by the global energy crisis strengthen the momentum behind more sustainable options, according to a new IEA report. About USD 2.8 trillion is set to be invested globally in energy in 2023, of which more than USD 1.7 trillion is expected to go to clean technologies – including renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps – according to the IEA’s latest World Energy Investment report.…

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Demand for electric cars is booming, with sales expected to leap 35% this year after a record-breaking 2022

Stuart Mitchell

Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car market to close to one-fifth and leading a major transformation of the auto industry that has implications for the energy sector, especially oil. The new edition of the IEA’s annual Global Electric Vehicle Outlook shows that more than 10 million electric cars were sold worldwide in 2022 and that sales are expected to grow by another 35% this year to reach 14 million. This explosive growth means electric…

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Hydrogen patents indicate shift towards clean technologies such as electrolysis, according to new joint study by IEA and EPO

Stuart Mitchell

Hydrogen technology development is shifting towards low-emissions solutions such as electrolysis, according to a joint study of patents by the European Patent Office (EPO) and the International Energy Agency (IEA). The report is the first of its kind and uses global patent data to provide comprehensive up-to-date analysis of innovation in all hydrogen technologies. It covers the full range of technologies, from hydrogen supply to storage, distribution and transformation, as well as end-use applications. “Hydrogen from low-emissions sources can play an important role in clean energy transitions with potential to…

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IEA offers world governments a Sustainable Recovery Plan to boost economic growth, create millions of jobs and put emissions into structural decline

Stuart Mitchell

The International Energy Agency has presented a Sustainable Recovery Plan focusing on a series of actions that can be taken over the next three years to revitalise economies and boost employment while making energy systems cleaner and more resilient. Set out in a Special Report on Sustainable Recovery from the IEA’s flagship World Energy Outlook series, the plan offers an energy sector roadmap for governments to spur economic growth, create millions of jobs and put global emissions into structural decline. By integrating energy policies into government responses to the economic…

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