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Investments in energy efficiency and renewable resources could generate up to 40 thousand jobs

2026-03-04 21:26:20, Ekonomi CNA

Investments in energy efficiency and renewable resources could generate up to 40

Investments in energy efficiency and renewable sources could generate up to 40,000 jobs in Albania, according to an assessment included in the document "Comprehensive assessment of the potential for high-efficiency cogeneration and efficient district heating and cooling systems", submitted to the Energy Community Secretariat.

The document analyzes the development potential of the energy sector and its effects on the economy, emphasizing that the impact on the labor market is determined by two main factors: the creation of jobs from the installation of energy efficiency and renewable energy technologies, as well as the long-term effects of reducing energy demand. “Investments in EE/RES create jobs for their installation and in the industry that produces the products and provides the relevant services,” the report states.

According to a summary analysis from over 20 international sources, on average 20–22 new jobs are created for every 1 million euros invested in energy efficiency measures in the building stock. A 2022 pan-European study concludes that 18 direct jobs are created for every 1 million euros invested, while 1 euro in the construction sector generates 2.2 euros in other sectors of the economy.

When indirect effects are included, the total number reaches around 19.5–20 jobs for every 1 million euros of investment. Based on these indicators, the report estimates that a large-scale energy renovation program in buildings and industry in Albania could translate into around 35,000 to 40,000 new jobs in total.

“The implementation of EE/RES in the buildings sector is a strategic opportunity for employment,” the document emphasizes, arguing that the installation of technologies is more labor-intensive than their production. For this reason, energy efficiency in buildings is considered among the top priorities for policies aimed at economic growth and reducing unemployment.

The report also highlights that the benefits are not limited to employment. “Job development in energy efficiency in buildings is a key area where economic growth is accompanied by reduced carbon emissions and increased energy security,” the report further states.

In the long term, the demand for skills in this sector is expected to remain high. “In 2050, European and global demand for skills in energy efficiency of buildings will still be high and permanent,” the document states, adding that these roles will be naturally integrated into the low-carbon economy./ Monitor.al