Navigating future pathways and growth opportunities in renewable energy
Green job surge in India
India's aim to achieve net-zero emissions by 2070 has led to a surge in green jobs- jobs that contribute to preserve or restore the environment. According to Teamlease, at the end of 2023, approximately 18.5 million green jobs were created across various industries, with projections indicating a doubling of this number by 2047.
The demand for skilled talent in the green and renewable sector is skyrocketing, outpacing the rate of curriculum updates in educational institutions.
The global energy transition
Javier Arias, Senior Marketing Manager at EIT InnoEnergy, provided insights into the global energy transition. Europe, a pioneer in green energy adoption, has invested significantly in renewable and sustainable sources.
Other nations, including India, are now following suit with ambitious plans for renewable energy, electric vehicles (EVs), and sustainability initiatives.
The recent geopolitical developments, such as the Russia-Ukraine war, have underscored the importance of energy security. This has led to an acceleration of the energy transition, resulting in the creation of thousands of jobs globally.
The industry is evolving rapidly, requiring not only new hires but also the reskilling and upskilling of the existing workforce.
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India's ambitious goals and myriad opportunities
Sailesh Lalla, Chief Business Officer at NIIT MTS, emphasised India's ambitious energy transition goals. With targets to source 50% of energy from renewables by 2030 and achieve net-zero emissions by 2070, India presents enormous opportunities driven by economic growth, urbanisation, and increased electrification.
Lalla highlighted the three key dimensions of India's energy transition:
