Tuesday, October 4, 2022

Go green for a decarbonized world

LinkedIn data shows that 44 per cent of all hiring in India in 2021 was done in green jobs or jobs with greening potential. And green talent has proven to be more resilient to the economic downturn and Black Swan events like the pandemic than non-green talent.
Green jobs can be in sectors perceived to be non-green like manufacturing, mining or IT services. United Nations Environment Programme (UNEP) defines green jobs as ‘positions in agriculture, manufacturing, R&D, administrative, and service activities to substantially preserve or restore environmental quality. Green jobs can be found in business, non-profit organizations, government, and education. Small business, self-employment and entrepreneurship are integral to green economy.
The pandemic led us to reimagine the way we work and the digital economy took centre stage. The growing awareness among new-age consumers of businesses’ impact on the environment has led to a rise in the demand for professionals who have skills to create green processes and technologies. Creating green jobs will benefit circular economy which encourages reusing, repairing, recycling and increasing sustainable manufacturing and consumption.
Globally, we have not made enough progress, especially when it comes to training employees with green skills to meet this growing demand. The demand for workers with green skills has outpaced the supply of green talent. Over the past five years, job postings for green skills have grown at an annual rate of 8 per cent, while the share of green talent has grown at 6% per cent annually. It is a huge missed opportunity for the planet and workers — and one we can start addressing immediately.
I feel we can plug the gaps in green skills by encouraging green entrepreneurship. The recipe is in nurturing more green entrepreneurs and their disruptive ideas. Today, green entrepreneurship is nascent, but its pace of growth exceeds that of overall entrepreneurship. Green skills need to permeate all industries. Europe and USA are leading in green entrepreneurship. But emerging economies are catching up. In Brazil, 20 per cent of the startups have workers with green skills, above the global average of 18 per cent. In India, for every 100 entrepreneurs, two are highly skilled in green.
Achieving the shift to a green economy with optimal pool of green talent needs action from both state and non-state actors. In partnership with experts, the policymakers can develop training materials and promote online learning resources to equip entrepreneurs and broader community with necessary green skills to increase employability through green transition.
Greening our planet needs to widen our green talent pool. People with green skills will catalyze change. The future of hiring is green!
Jayajit Dash is Senior Manager (Corporate Communications) with CSM Technologies