Trust in SODA's Green Tech Snapshot 2023
Can tech turn us green? The International Energy Agency (IEA) estimates that an additional 13 million workers will be employed in clean energy and related sectors by as early as 2030.
Largely characterised by the widespread ‘green transition,’ the ESG (environmental, social, Governance) agenda has gained significant momentum in recent years, a natural catalyst for the emergence of green tech innovation.
Digital technology is poised to play a characteristically transformative role in tomorrow’s landscape: from 5G to even bigger big data (huge data?), digital tech represents an opportunity to accelerate progress on climate commitments in most areas of modern industry. That said, it’s not without pitfalls of its own – according to the UN, digital tech could account for up to 3% of the world’s carbon emissions.
Reducing this mammoth-sized carbon footprint (and the footprint of countless other sectors) will demand the kind of agility that only digital innovations can provide.
If you’re hoping to embark on a meaningful new career opportunity, the future looks good in green. Here are some considerations for you.
Global Market Growth
In the UK, PwC reported that green jobs were growing at four times the pace of the normal market, with activity having almost trebled in the space of a single year. Meanwhile, in the US, the White House just launched a $20 billion competition to expand a clean energy financing network across the country, the largest of its kind in history. The funding aims to support pollution reduction projects, particularly those that focus on historically underserved communities.
In parts of Europe (and across the UK) GreenTech startups are being encouraged to join the Climate Tech Supercluster, an initiative established with the aim of accelerating growth and innovation in the startup space.
Despite recent outflows, some analysts predict ESG assets will reach $53 trillion in value by 2025, one-third of the global AUM (assets under management).
With growth comes opportunity, not just for investors, but for those hoping to embark on a fulfilling new tech journey.
Skill Gaps
Green tech is short on skilled workers. In the UK alone, that shortage is estimated to stand at 200,000 people. Transferrable skills, diversity-enabled recruitment methodologies (our whole thing), and equitable access to learning and development opportunities could be the answer.
As community-led digital tech recruiters, Trust in SODA has over 10 years of experience in connecting people with their dream jobs, working to close skill gaps, and partnering with customers and clients as trusted career advisors.
We’ve been privileged to work with many incredible sustainability-focused employers over the years, and in that time, we’ve placed a range of incredible candidates into meaningful, growth-enabled roles.
If you’re hoping to make the green transition and explore one of the most impactful areas of modern tech, reach out to the team at Trust in SODA today, we would love to hear from you.
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