How doubling the share of renewable energy sources will stimulate employment in Azerbaijan – 2024-04-24 20:53:25

by times news cr

2024-04-24 20:53:25

Green energy is a new concept with a broad horizon. The International Energy Agency noted that renewable energy capacity increased by 50 percent between 2019 and 2024. The sector is new and promising. Innovations are discovered or invented every day in an industry that impacts everyday life. Currently, 26 percent of the world’s electricity demand is met by renewable energy sources, and this demand is expected to increase in the near future.

The more the sector expands, the more opportunities there are for people. The renewable energy sector employed at least 12.7 million people worldwide in 2021, both directly and in wider supply chains, with the majority of these jobs concentrated in China, Brazil, the EU, the US and India.

But above all, the most important point is to join forces to prevent the dangerous natural disaster such as global warming that the world is facing.

In a conversation with Azernews on this issue, American expert Dr. Frank Musmar noted that the Paris Agreement, signed in December 2015 during the Conference of the Parties, aims to limit the increase in global temperature to 1.5 °C compared to pre-industrial levels. He said the world had used more than 65% of its carbon budget, keeping it within 2°C.

“To remain within these limits, global carbon neutrality must be achieved between 2055 and 2070. Renewable energy sources help mitigate the effects of climate change, reduce air pollution, increase energy independence and stimulate employment in various sectors. Accordingly, the demand for skilled workers in the renewable energy industry. According to the International Renewable Energy Agency, by 2030 the renewable energy sector could create up to 30 million new jobs worldwide,” the expert emphasized.

Musmar noted that there is no doubt that China’s green economy is a role model, with investment in research leading to positive results and growth even in times of economic crisis. He said green energy is an ethical investment path and the economic impacts of green energy can be seen in the creation of new and more jobs, lower consumer spending, easier access to energy for all and reduced disaster recovery costs and recovery.

“Azerbaijan has enormous solar and wind energy potential. In addition to the benefits associated with cleaning the surrounding air of pollutants with associated health benefits, especially in large cities, local governments are increasingly aware of the finite limitations of national oil and natural gas reserves. Azerbaijan has many reasons to go green. First, the country’s average gas emissions per capita are high due to energy-intensive energy systems that use fossil fuels. As efforts are made around the world to mitigate the effects of climate change, there is a growing desire to limit emissions. -second, the need for fuel for electricity and fresh water supplies consumes a significant share of domestic oil production; especially with current high oil prices, preserving oil primarily for foreign export is attractive. Third, the government will likely try to increase the amount in the coming years. jobs in the private sector to meet the inevitably growing demand from new entrants to the labor market among the rapidly growing young population,” the expert said.

He added that currently the installed capacity of renewable energy sources in Azerbaijan is 4.5 MW. Azerbaijan began installing its first primary solar power plant in 2023. The Azerbaijani government aims to increase the share of renewable energy sources in total electricity production to 30% by 2030.

“Accordingly, switching to solar or green energy requires much less investment in the energy sector than building new coal or nuclear power plants. This means a lower price for electricity, which affects all aspects of the economy. A lower price for electricity reduces the cost of production and increases Moreover, doubling the share of renewable energy by 2030 will bring a number of positive consequences, including an increase in gross domestic product (GDP) of up to 1.1 percent, a 3.7 percent increase in prosperity, and more than 1 million people working in the sector. renewable energy,” concluded Dr. Frank Musmar.

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