Summary
The green transition presents opportunities and challenges for workers in both advanced economies and emerging economies, with green jobs on the rise globally while polluting jobs are declining in advanced economies but increasing in emerging economies.
Investing in STEM skills and women’s economic empowerment is crucial for workers to take advantage of these opportunities. Economies with a strong supply of STEM-educated workers and gender equality policies can transition faster and more affordably to a green economy, leading to greater reductions in greenhouse gas emissions. However, women are underrepresented in green jobs, with only one-third of these jobs held by women, highlighting the need for policies to promote gender inclusiveness in the green transition. Addressing disparities and vulnerabilities in the transition, such as income inequality and the decline of middle-class jobs, through policies like enhancing STEM education and supporting women’s participation in the economy can make the green transition more effective and inclusive. Policymakers, the private sector, and civil society must collaborate to create a sustainable and inclusive future.
Region:
Global
Published:
September 2024
Author(s):
IMF
Language:
English