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Home»Business»Companies are not doing enough to address the green skills shortage
Business

Companies are not doing enough to address the green skills shortage

The Elite Times TeamBy The Elite Times TeamJanuary 16, 2024No Comments2 Mins Read
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Written by Pietro Lombardi

MADRID (Reuters) – Companies are failing to address a lack of green skills in their workforce and risk delaying the transition to a low-carbon economy, a report prepared with the participation of Spanish renewable energy giant Iberdrola finds. showed that.

As the world transitions away from fossil fuels, a global skills shortage is a major impediment to the development of green industries.

“The green transition is threatened by business leaders’ failure to develop and source green skills,” says the Green Skills Outlook report by Economist Impact and Iberdrola.

The report includes a survey of 1,000 business leaders across nine countries, including the US, China, UK and Spain, and focuses on the energy, technology, infrastructure, transport and logistics sectors. I’m guessing.

The law defines green skills as “the knowledge, abilities, values, and attributes necessary to develop and support sustainable, low-carbon, and resource-efficient societies,” including the installation of solar panels, etc. reporting, whether through technical skills or broader practices such as corporate sustainability.

The majority of business leaders surveyed believe that skills are a key driver of the green transition, but only a few have implemented or are planning programs to help employees acquire these skills. Only 55% of companies have

“This risks leaving large parts of the workforce without access to critical skills training and hindering progress on the green transition,” the report said.

Overall, 62% of respondents expect these bottlenecks to slow the transition, and many respondents expect the government to provide more support, including grants and tax breaks for companies that invest in green skills programmes, and funding for educational courses. We hope to cooperate.

The survey found that the majority of companies expect the transition to present more opportunities than challenges, with more jobs created than destroyed.

The International Energy Agency estimates that clean energy could create 30 million new jobs by 2030, while 13 million jobs are at risk in fossil fuel industries. Being watched.

“Skills and the workforce are the real key to transitioning to a greener economy and reducing carbon emissions,” said Iberdrola Chairman Ignacio Galán. The company has rolled out a number of programs to that end and has partnered with shipbuilding company Navantia to help diversify into offshore operations. Wind power plant.

(Reporting by Pietro Lombardi; Editing by Andrei Kalip and Mark Potter)

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