Attracting and retaining the energy talent required to deliver the energy transition

In 2023, the IEA reported that energy employment reached nearly 67 million in 2022, with about 35 million in clean energy sectors and about 32 million in fossil fuel sectors. Its Net Zero Emissions by 2050 scenario projects that 14 million new clean energy jobs will need to be created by 2030, while another 16 million workers shift to new roles related to clean energy. Energy organisations have equally critical dual challenges - securing talent and skills to deliver the new energy system while retaining legacy talent and skills for traditional energy production. As with the energy transition itself, solutions will be complex and must take into account employee value proposition evolution, rising employee expectations, the opportunities enabled by a global talent pool, and efficiencies created by emerging new technologies like AI and machine learning. In an increasingly competitive labour market, how can businesses attract and retain the energy talent required to deliver the energy transition?