The world is going green. That means a skill transformation for workers everywhere.
There’s new momentum in the green movement. The European Union committed in 2019 to being the first carbon neutral continent, China, Japan, and South Korea have followed suit with net-zero emissions commitments. And in the U.S., President Biden recently elevated climate change to a national security priority.
Companies are also leading. LinkedIn and our parent company, Microsoft, have committed to be carbon negative by 2030. Blackrock CEO, Larry Fink has called upon companies to set plans to be compatible with net zero targets by 2050.
These will require transformation across every industry in the economy and will create a significant “greening” of the labor market in two ways:
- We expect a shift in skills required in a wide range of existing jobs.
For example:
- Product designers will be increasingly expected to understand the nuances of sustainable product design, including low-profile packaging design, and designing products that are intended for reuse at inception.
- Investment analysts will need to understand how to assess a business’s exposure to climate risk and make investment recommendations that account for this risk.
- Data engineers will increasingly be focused on reducing the energy load of their computing infrastructure.
It’s important to note that none of these green shifts are in the energy industry; though many jobs will be in renewable energy, many jobs in other industries will require green skills. The Economic Graph team identified more than 440 occupations with at least two green skills in their skill profile. Although green talent development is growing faster in energy and mining, green jobs and green talent have higher shares in healthcare, agriculture, transportation, construction and manufacturing than in energy and mining.
(2) We expect to see millions of new jobs created globally in the next decade due to new climate policies and commitments. The International Labor Organization (ILO) estimates that 24 million jobs worldwide could be created by the green economy by 2030 alone.
The shift to hiring for the green economy is already underway worldwide. Since 2017, we’ve seen the demand for talent with green skills steadily increase as governments and companies step up their commitments and actions to achieve their climate and sustainability goals.
We recently partnered with the ILO and the Partnership for Action on the Green Economy, a multi-agency UN collaborative focused on the transition to a green economy, to study the greening of the labor market and surface insights to the leaders who need them most. We’ll also be using our new taxonomy of more than 800 green skills to see how jobs are becoming greener in real-time across many industries, even before they are picked up by government statistics. Over the coming months, I’ll be sharing our learnings and findings about the green economy and what we’re learning as part of that partnership with you here.
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????????????Rapid Performance Recovery ??Supply Chain Transformer ? 25+ Operational Turnarounds ?? Mid-Market Growth Escalator ?? Speaker ? Radical Strategic Thinker ? Highly Focused ? Empowering ? Interim C Suite Leader
4 年Millions in the next decade? A million each year across the global population of just shy of 8 billion citizens? Even if only 33% can be included in the working population - that's still a workforce of 2.5 Billion. How many jobs are dependent on fossil fuel extraction, processing industries, energy generation and consumers who have jobs which depend on the outputs of these core industries 2.0 Billion? Let's just work out how small a percentage of "new green jobs" are going to be created, compared to the 100 of millions that will be lost in two years through accelerated obsolescence, pandemic casualty and ideologically driven items such as carbon taxes. I have yet to see specific data, rather than "great exhortations" which paint ANY path forward for specific jobs, exactly which year, which company, which location. I find unsubstantiated "jam tomorrow" somewhat mendacious. Perspective is important here, specifics equally. Talk to folk in travel, hospitality, apparel, food service who are being ejected at a fast rate of knots from jobs they thought were reasonably secure about what the "next decade" might be like while the green revolution takes hold.
Team Leader & Relationship Builder
4 年Outstanding to see environmental responsibility become a more prominent piece of corporations value propositions. As newer generations armed with modern knowledge of climate and environmental science as well as greater perspective on the cyclic interconnectivity of business activity with ecosystems and economic systems, we are thankfully seeing at least the beginnings of positive change. Much of it currently may still live in the realm of "greenwashing" where company's care more about virtue signaling their commitment to the environment rather than truly making impactful changes, yet nonetheless this is part of the important first steps in real progress. As sustainability becomes an ever greater part of the forefront of culture and thought, the funding and attention that the industry has needed for a long time now can finally become a reality and many of the incredible sources of sustainable energy and sustainable/biodegradable alternative products which the science has already confirmed, can be fully tested and scaled to create price points more accessible to markets. Great to see it and a be a part of the positive change!
JEDI Master and CEO @ Holliday Advisors, LLC | President @ Sisters Lead Sisters Vote | Co-Convenor & Lead Organizer, #WinWithBlackWomen Volunteer Network
4 年This is an exciting opportunity. However, I am hoping this investment includes equity annd education. When you juxtapose these opportunities with the impact of Covid on our pubilc education. I worry that this opportunity may end with an imbalance, where we don’t have a trained population which results in wider wealth gaps. I pray I am wrong. Please share if this concern is not valid.
Future Finance Leader | Finance Analyst for HON | Research Assistant for PSU
4 年Currently, we are anticipating the green hydrogren revolution to be a major factor in the long-term strategy of zero-carbon emission practices. However, its production and liquefaction costs are expensive because of renewable electricty costs. It will be interesting to see what technological advances in the coming years that will reduce costs and promote green utilization; and how it stimulates a socioeconomic change.