The clean energy revolution is unfolding massive labor potential in the international market. As a result to technical progress and worldwide population growth, many countries are facing a steady increase in energy demand. By gradually diversifying their energy mix and raising the renewable energy (RE) contribution, these countries are not only following an economic trend with drastic cost reductions for renewable energies, but also tackle the challenge of climate change and potential social pressures through job-creation.
These factors have led to a bloom in the RE job market that due to its comprehensive value chain is constantly looking for skilled talents to seize the new job opportunities. Compared with mechanized fossil fuel industries, renewable energy is even claimed to create more jobs per unit of generation. According to the annual jobs review of the International Renewable Energy Authority (IRENA), alone in 2017, the RE sector created 9.8 million jobs globally. By 2030, the number is expected to rise to 24 million.
Possessing both, one of the most favorable spots for solar as well as wind energy, Egypt can produce numerous renewable energy plant components locally. Some examples of MENA projects have already been applied: the wind farms in Egypt contain at least 20% locally produced parts and materials, the Kuraymat Concentrated Solar Power (CSP) Hybrid farm contains 40% locally produced parts and materials and also the 160 MW Concentrated Solar Power plant in Morocco is planned to use 42% locally produced parts and materials. Also the in 2017 inaugurated project between Egypt and Siemens aims at creating up to 1,000 jobs for the local manufacturing of rotor blades for wind turbines. Hence, if Egypt keeps its focus on the use of renewable energy resources in line with local production, energy experts confirm that next to meeting the country’s increasing energy demands and climate targets, national unemployment rates can be reduced and the economy boosted.
The 51st Cairo Climate Talks will bring together experts from research institutions, government, private sector and civil society to discuss whether renewable energy can be seen as a pillar for development, a job creator, an investment opportunity and a problem solver to Egypt’s socioeconomic challenges. Moreover, different skills and talents needed in this field will be explored while raising the question of how universities can better prepare their students for the changing job market. Finally, the framework and communication channels shall be determined through which the different stakeholders can integrate their work to meet their targets while contributing to labor growth in terms of job opportunities and quality of employment.
Are you interested? Don’t miss out by registering to our events. We hope to see you there.