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22November 2022.
Introduction:
The report titled “Work toward net zero: The rise of the Green Collar workforce in a just transition” was released recently by Deloitte. It is modelled based on the Deloitte’s Turning Point series. The report assesses the impact of decarbonisation, especially on livelihoods.
What are the key findings of the report?
- More than 800 million jobs (about one quarter of the global workforce) are vulnerable to the impacts of climate change – from weather extremes to the transition towards low-carbon economy.
- However, policymakers and business leaders can boost the economic growth and create more than 300 million jobs across the globe by 2050 by building new Green Collar Workforce and realizing the full economic potential of decarbonisation.
- Indian workforce and economy is especially vulnerable to climate change impact. This means that the country has more to gain from an active transition to net zero.
- Creation of new Green Collar workforce requires significant investment in skill development. This is essential for realizing 43 trillion USD economic dividend from coordinated action against climate change.
- The success of the net zero transition depends on the effective protection of vulnerable communities from both the climate change and job disruption.
- A green collar workforce will involve new types of work, skills and occupation. Effective policy actions are required to invest in skills for the creation green collar jobs that will ensure a more equitable transition to net-zero globally. Some 80 per cent of skills required in the green collar workforce are used in the current workforce.
- An active transition can create an additional 21 million jobs in Europe, 26 million jobs in America, 75 million jobs in Africa, and 180 million jobs in Asia Pacific region.
- The report recommends creating protective measures to ensure smooth transition. These includes setting up ambitious interim emission reduction targets, developing skill pathways into high-value jobs, creating an adaptive skills and education pipelines etc.