The World Economic Forum (WEF) has warned that the rapidly growing investment and deployment of artificial intelligence (AI) could nearly triple global electricity consumption by 2030, potentially reshaping the energy sector and global employment landscape.
Kathy Li, WEF Head of AI, Data and Metaverse, highlighted that approximately $600 billion has been invested in AI since 2010, with the US and China accounting for nearly 65% of total investments. “Global AI investment is growing at an annual rate of 33%, and the widespread adoption of AI, coupled with high-powered data centers, could place significant pressure on energy infrastructure,” Li said.
Currently, global electricity consumption stands at roughly 420 terawatt-hours (TWh). WEF projections suggest this could rise to nearly 1,200 TWh by 2030. Analysts have warned that such growth could challenge energy production capacity, grid stability, and renewable energy adoption.
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Potential impact on the job market
The WEF Future of Jobs Survey indicates that between 2025 and 2030, 22% of global jobs could be affected by AI adoption and structural transformations in the workplace.
- New jobs: Around 14% of current global employment, approximately 170 million roles, may emerge in AI-driven and digital economy sectors.
- Job displacement: Nearly 8% of existing jobs, or 92 million positions, could be lost due to automation and technological shifts.
- Net effect: Overall, the global workforce could see a 7% net gain, resulting in an estimated 78 million new jobs.
Experts note that while new opportunities will emerge, sectors such as manufacturing, data entry, and routine financial services could be most disrupted. Additionally, the demand for digitally skilled workers is expected to rise sharply.
Key focus at Davos 2026
The 56th WEF Annual Meeting, commonly referred to as Davos 2026, will be held from January 19-23 in Davos-Klosters, Switzerland. The summit will host a record approximately 400 political leaders and over 850 top global CEOs, including 65 heads of state and leaders from six G7 countries.
Discussions are expected to focus on energy demand, AI’s economic and social impact, geopolitical dynamics, and technological disruption. WEF described the gathering as a critical platform for global policymakers and industry leaders to evaluate AI’s environmental and employment implications.
Pressure on investment and renewable energy
According to Kathy Li, the growing demand for AI data centers and high-performance computing facilities will require accelerated investment in renewable energy sources. WEF has cautioned that failure to upgrade energy infrastructure in tandem with AI expansion could increase electricity costs and carbon emissions.
Investment and expansion in AI are set to transform both the global energy landscape and employment markets. Davos 2026 could serve as a pivotal moment for shaping global policy and investment strategies, while industries and governments must prepare proactively for challenges in energy supply and workforce readiness.
About the author – Ayesha Aayat is a law student and contributor covering cybercrime, online frauds, and digital safety concerns. Her writing aims to raise awareness about evolving cyber threats and legal responses.
