By Patrick Mogoli
The world needs to transition to “green” jobs at a faster rate. Stefano Scarpetta of the OECDs
Directorate for Employment, Labour and Social Affairs says in the economic bloc, 80 percent of
greenhouse gas emissions are in sectors that account for only 47 percent, while only 20 percent
are in green-driven jobs. The task before policymakers, not just in the advanced economies, is to
support “green transitioning,” Scarpetta adds.
Leaders the world over are inaugurating strategies to mitigate the disastrous effects of climate
change, especially on employment prospects.
Stefania Fabrizio, Chief of IMF’s Gender and Inclusion Unit, states that women are often
underprepared with educational STEM skills for green jobs. She urges governments to promote
STEM education for women to address gender inequality in the labour market and improve
remuneration for women in green jobs.
Corroborating Fabrizio’s view on STEM education, Jack Chambers, Minister of Finance, Ireland
says his country in 2017 specifically prioritized the STEM education system, noting that while
most European economies talk about the STEM policy, only few implement it.
However, Carolla Moreno, Minister of Finance Advisor, Chile says the Latin American
country’s climate change-linked bond, aligns its wider financial strategy to the national climate
strategy. The bond, she says, is part of the Chilean government efforts in financing a greener and
friendly economy.
