• Contact
Wednesday, October 4, 2023
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    These are the 10 most popular jobs that pay more than $100K, study finds

    These are the 10 most popular jobs that pay more than $100K, study finds

    See what Kenya is using to attract investment from global EV firms

    See what Kenya is using to attract investment from global EV firms

    6 infrastructure projects to drive Angola economic growth

    6 infrastructure projects to drive Angola economic growth

    Trending Tags

  • Business
    Chocolate could get even pricier if Africa’s cocoa crop flops

    Chocolate could get even pricier if Africa’s cocoa crop flops

    Sale of luxury villas starts in new Zimbabwean city for the rich

    Sale of luxury villas starts in new Zimbabwean city for the rich

    Industry Leaders Ignite Innovation at Women Who Build Africa's Tech Assembly in Nairobi

    Industry Leaders Ignite Innovation at Women Who Build Africa’s Tech Assembly in Nairobi

    Virgin Active to expand office space and meeting rooms in gyms

    Virgin Active to expand office space and meeting rooms in gyms

    Dangote, Bua show grit amid global sugar crises

    Dangote, Bua show grit amid global sugar crises

    800 million+ carats of diamonds in Angola reserves

    800 million+ carats of diamonds in Angola reserves

    Hindenburg 2.0? George Soros-backed group plans 'expose' on Indian firms: Report

    Hindenburg 2.0? George Soros-backed group plans ‘expose’ on Indian firms: Report

    Viktor Bout still has his eye on Africa

    Viktor Bout still has his eye on Africa

    SADC countries may benefit from ANGOSAT 2

    SADC countries may benefit from ANGOSAT 2

  • Finance
    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    These are the 10 most popular jobs that pay more than $100K, study finds

    These are the 10 most popular jobs that pay more than $100K, study finds

    See what Kenya is using to attract investment from global EV firms

    See what Kenya is using to attract investment from global EV firms

    6 infrastructure projects to drive Angola economic growth

    6 infrastructure projects to drive Angola economic growth

    Trending Tags

  • Business
    Chocolate could get even pricier if Africa’s cocoa crop flops

    Chocolate could get even pricier if Africa’s cocoa crop flops

    Sale of luxury villas starts in new Zimbabwean city for the rich

    Sale of luxury villas starts in new Zimbabwean city for the rich

    Industry Leaders Ignite Innovation at Women Who Build Africa's Tech Assembly in Nairobi

    Industry Leaders Ignite Innovation at Women Who Build Africa’s Tech Assembly in Nairobi

    Virgin Active to expand office space and meeting rooms in gyms

    Virgin Active to expand office space and meeting rooms in gyms

    Dangote, Bua show grit amid global sugar crises

    Dangote, Bua show grit amid global sugar crises

    800 million+ carats of diamonds in Angola reserves

    800 million+ carats of diamonds in Angola reserves

    Hindenburg 2.0? George Soros-backed group plans 'expose' on Indian firms: Report

    Hindenburg 2.0? George Soros-backed group plans ‘expose’ on Indian firms: Report

    Viktor Bout still has his eye on Africa

    Viktor Bout still has his eye on Africa

    SADC countries may benefit from ANGOSAT 2

    SADC countries may benefit from ANGOSAT 2

  • Finance
    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Green Economy

The green economy is poised to create an immense amount of prosperity—but will everyone benefit?

TAB by TAB
20/11/2021
in Green Economy
0
The green economy is poised to create an immense amount of prosperity—but will everyone benefit?
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

The green economy is poised to create an immense amount of prosperity—but will everyone benefit?

Earlier this month, nearly 200 nations reached an agreement at the COP26 climate summit in Scotland. That deal, named the Glasgow Climate Pact, lays the framework for preventing temperature rises of more than 1.5°C while also expanding plans to grow the green economy. This comes as Wall Street is increasingly bullish that green sectors are about to explode. Look no further than Tesla’s sky-high $1.1 trillion market capitalization (more than six times the combined values of GM and Ford).

Related posts

Angola: the 2,070 MW Laúca mega-dam is fully operational

Angola: the 2,070 MW Laúca mega-dam is fully operational

26/09/2023
2
Kenya seeks partnership with Apple

Kenya seeks partnership with Apple

22/09/2023
2

Offshore wind turbines at the Teesside w

But just how much opportunity will this green push create—and who will benefit?

To find out, Fortune reached out to Boston Consulting Group (BCG), where a team of experts (Zineb Sqalli and Nour Mejri) recently studied the green economy through a gender equity lens.

Here’s what the BCG team found.

The numbers to know

$100 trillion to $150 trillion

  • … estimated global “green” investments between now and 2050.

67 million

  • … the number of new jobs the green economy will create by 2030, according to the BCG analysis.

25%

  • … the percentage of green economy jobs in 2030 that’ll be held by women. (It’s currently 29%).

15 to 20 years

  • … How long the current global “climate action strategies” will further delay gender equity.

Big picture

  • The green economy is poised to create an immense amount of opportunity and prosperity—but unless action is taken, women could miss out on a lot of it. By 2030, around 75% of green jobs will be held by men. (To see what actions the BCG experts think should be taken, go here).

1. STEM has a problem.

Across the globe women currently hold 29% of the more than 88 million green jobs. By 2030, that figure is actually expected to fall to 25%, BCG estimates, even as the total number of green jobs climbs to 155 million.

What’s going on? The technical and engineering jobs that are expected to see the most growth are still very male-dominated. Simply put: STEM fields aren’t making nearly enough progress on the gender front. Additionally, the green explosion will also require many mid-careers workers to get re-skilled—something that is particularly challenging for working mothers.

The BCG team write: “Factoring in the impact on women’s participation in green jobs and re-skilling, we project that women’s labor force participation globally will probably decline and wage inequality will increase as women are relegated to lower-skilled jobs.”

2. Women missing out on the green economy is bad for everyone.

If the gender gap in the green economy were to be closed, the BCG analysis estimates it’d increase the overall size of the green economy and up global annual GDP by roughly $1.5 trillion.

The reasons are a bit wonky. But one reason is because, they say, more women in green sectors would translate into more small business formation and innovations. The BCG team write “that bolstering female entrepreneurs in green tech would add $500 billion to $600 billion to global GDP annually by 2030.”

The green economy is poised to create an immense amount of prosperity—but will everyone benefit?

Source: Fortune
Previous Post

Entrepreneur and philanthropist Minoru Dondo sponsors surgeries for children with hydrocephalus

Next Post

South Africans looking to sell their homes to emigrate

Next Post
South Africans looking to sell their homes to emigrate

South Africans looking to sell their homes to emigrate

RECOMMENDED NEWS

Why Tanzania is poised to be EA’s economic hub

Why Tanzania is poised to be EA’s economic hub

2 months ago
6
Fed hikes rates 75 basis points, intensifying inflation fight

Africa must better insulate from Fed shocks, Uganda banker says

12 months ago
2
Lionel Messi Appears to Laugh at Sergio Ramos After Veteran Defender Missed Overhead Kick Against Monaco

Lionel Messi Appears to Laugh at Sergio Ramos After Veteran Defender Missed Overhead Kick Against Monaco

1 year ago
16
Angola Oil & Gas (AOG) 2023 Explores Mobilizing Capital for Angola’s Infrastructure

Angola Oil & Gas (AOG) 2023 Explores Mobilizing Capital for Angola’s Infrastructure

2 weeks ago
2

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business - News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • These are the 10 most popular jobs that pay more than $100K, study finds
  • Chocolate could get even pricier if Africa’s cocoa crop flops
  • Sale of luxury villas starts in new Zimbabwean city for the rich

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In