Sectors such as energy, transport and construction are particularly affected, followed closely by agriculture, industrial production and waste management. However, all sectors are facing significant changes. Given the severity of the threat and the urgent need to reduce emissions, the green transition is no longer an option. The question now is not if, but how and how fast it will happen.
Transforming the economy will require a coordinated effort, building on existing momentum for change from governments and multilateral organisations, and driven by public pressure and environmental threats. Private companies, financial institutions, research and technology organisations, educational institutions and individuals are all equally challenged to find greener solutions.
Three conditions must generally be met to make a green transition possible.
In the face of climate threats, countries, sectors and companies that adapt effectively can not only mitigate risks, but also create and exploit new opportunities.
Understanding and anticipating future green skills is critical for businesses, but also for the structures that govern the economic sector. With this insight, they can influence skills development and shape education programmes to ensure a workforce ready for the demands of a greener economy.