Fossil Fuel Jobs vs Renewable Energy Jobs – Choosing the Right Path
As more and more nations strive towards achieving net zero carbon emissions by 2050, job prospects within energy industries are changing.
A new world of renewable energy careers is opening up and constantly evolving. In fact, according to the World Economic Forum, ‘the transition to clean energy is expected to generate 10.3 million net new jobs globally by 2030.’
What we’re asking now, however, is where does that leave the fossil fuel industry? And is it possible for those with careers forged in fossil fuels to transition to a clean energy career path?
The Stability of Fossil Fuels
For as long as we can remember, fossil fuels have been the norm. With millions of jobs worldwide in the sector, it has been a long-standing stable career path to take. For example, the fossil fuels industry currently supports 9.8 million jobs, which is around 5.6% of total US employment. This has meant that progressing through a successful career in fossil fuels has always been reliable.
However, according to Recharge News, fossil fuel jobs are set to fall to 3.1 million as we make the shift to meet carbon neutral targets, with 80% of job losses relating to oil, gas and coal extraction.
With this in mind, it’s safe to say that a career in fossil fuels no longer offers the promise of stability it once did.
That’s not to say, however, that a background in fossil fuels won’t stand you in good stead to transition into the renewable energy sector.
A Renewable Energy Transition
The renewable energy sector is booming, with the move to clean energy expected to generate around 10.3 million jobs globally.
According to a recent study, these jobs, as well as being available in a higher volume, will also ‘come with better benefits than across the rest of the private sector, and pay as well or slightly better than fossil fuel jobs.’
With this in mind, it’s important to note that those with current experience in fossil fuels – such as electricians, mechanics and welders, and assemblers – will be integral to sectors like solar energy, where they can best utilize their skills. They may also find that this transition will enable them to fetch higher wages.
Fossil Fuels Jobs vs Renewable Energy Jobs
While fossil fuel jobs are rooted in stability, the shift to a cleaner planet and thus a focus on renewable energy means that jobs within the renewable energy sector could be easier to obtain, easier to progress through the ranks of, and more lucrative than fossil fuel jobs.
Here at Mackinnon & Partners, our focus is always on finding the right renewable energy career path for you. Whether you’re an experienced electrician looking to move into the solar energy sector or a project manager wanting to move to the next level in your renewable energy career, we can help.