News: Climate Week NYC- Powering Solutions Ahead of COP30. Read it here.
Education, capacity building and job creation to address climate change
New skills development focuses on training individuals in specialized competencies, such as digital, green, or entrepreneurial skills, that meet the needs and address present and future workforce demands. New skills development is the bridge to the future. Without new skills, people risk being left behind. Developing digital, green, and adaptive skills empowers individuals to seize opportunities, boosts productivity, and ensures societies benefit from rapid economic transitions.
Axis: Fostering Human & Social Development
Key Objective: Education, capacity building and job creation to address climate change
In today’s economy, shaped by rapid digitization, automation, and the shift to green industries, the development of new skills is essential. Employers face talent gaps while workers risk obsolescence without reskilling. By building digital, technical, and adaptive skills, individuals can stay employable, secure jobs, and pursue better careers, while businesses benefit from talent that drives competitiveness and innovation. For young people entering the workforce, new skills development is critical. Investing in youth upskilling today creates a workforce ready to lead tomorrow’s innovation and inclusive growth.
Strategic investment in upskilling is projected to contribute $6.5 trillion to global GDP by 2030 and create 5.3 million net new jobs
Global demand for green talent grew twice as quickly as supply between 2023 and 2024—with demand increasing by 11.6% and supply by 5.6%.
Globally, 20% of young people are not in employment, education, or training (NEET), and two-thirds of these are women. Furthermore, two out of three young people express concerns about losing their jobs. While youth unemployment is expected to fall further to 12.8% in 2024 and 2025, many challenges remain.
https://www.weforum.org/publications/upskilling-for-shared-prosperity/
https://www.ilo.org/sites/default/files/2024-11/GET_2024_EN_web4.pdf