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Transition to Green Careers

Transitioning to a career in the green energy industry

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Many experienced industry professionals are keen to capitalise on the emerging green industry and recognise how our world is transforming and what impact this will have on future careers and opportunities.

Professionals in the finance industry are just one example of people looking to transition into the green energy industry. However, with little experience in the market, people are trying to determine how their skillset could enable a move from one sector to another. 

People are actively looking to move into green energy to be more involved in tackling one of the biggest challenges our world is facing. The proportion of renewable energy within electricity generation in the UK stood at 36% at the end of 2021. This figure must increase considerably to reach the net-zero 2050 target. Professionals interested in switching to the green industry should consider the green energy supply chain and determine their areas of interest. This chain incorporates manufacturers, suppliers, energy generators, distribution networks and consumer equipment. 

Careers can look beyond energy sources and could be more focused on reducing the overall energy needs. In the UK, domestic electricity consumption peaked in 2005 and by 2020 reduced by about 20%, supported by the rise of more energy-efficient products. 

According to Carolina Ivern, the VP  of solar and onshore wind at BP, the demand for renewable energy has created more opportunities for new people to enter the industry. As new technologies continue to emerge, such as hydrogen, storage and carbon capture technology, the industry will inevitably require people capable of making these systems more efficient. For people in finance, focusing on what individuals can contribute to the industry rather than on the skills or expertise they haven’t yet acquired is a priority.

Many transferable skills will prove critical in supporting the future development of the green industry. These features could involve working in a competitive environment, achieving results, knowledge of marketing and media and working within a broader team. 

From a more specific finance perspective, professionals could potentially utilise their industry background to support green sector initiatives. The political commitments toward Net Zero 50 go well beyond the knowledge we have gathered today, yet green energy generation represents a critical solution and is a profitable area. Investors within the Net-Zero Asset Owner Alliance are moving closer to green energy, so professionals with marketing and finance experience are probably in a strong position. 

Sustainable finance is forecast to be a focus area for this year, particularly with the pressure to accelerate action on climate change and clean energy. The recent meeting between G20 Finance Ministers and the Central Bank found that sustainable finance was critical in developing a green, resilient and inclusive global economy. One particular focus for the G20 Sustainable Finance Working Group is transition finance and taking the necessary action to enable transition finance to support an affordable and efficient shift towards a low emission climate-resilient economy.

Most finance businesses have established a green agenda and created either an ESG or CSG section. Industry experts suggest that before making the transition explore the possible internal connections and build up experience within green-related activities. 

The expanding industry convergence concerning green energy has created more transition opportunities between industries, with renewables becoming increasingly appealing due to the impact on climate change and the long-term career potential. 

The recently announced British Energy Security Strategy will also increase the number of clean energy jobs in the UK by supporting 90,000 jobs in offshore wind by 2028, an increase from the previous target of 30,000, 10,000 solar jobs by 2028, nearly double the original figure and 12,000 hydrogen jobs by 2030, an increase of 3,000.

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