Linked inSeptember,2024Understanding the Green TransitionSupply and Demand DynamicsKey TakeawaysAkash KauraStaff Data ScientistThe global demand for green talent has surged,with a 5.9%averageEconomic Graphannual increase between 2021 and 2024.Notably,United KingdomResearch Institute(13%),Ireland (12.4%),Saudi Arabia (117%),Norway (11.6%),andakaura@linkedin.comSwitzerland (11.5%)lead with the highest demand for green talent.Portugal (+713%),the United Kingdom (+46%),Costa Rica (+40%),Singapore (+27.1%),and Luxembourg (+27%)have shown the mostrobust growth rates from 2023 to 2024..Demand growth is not uniform globally.Finland (43.8%),Peru (-21.2%),the Netherlands (-20.1%),Belgium (-18.6%)and Greece (-17.7%)haveexperienced declines in demand for green talent between 2023 and2024.Conversely,countries like Colombia (+34.6%CAGR),Portugal(+264%CAGR),the United Kingdom (+19.6%CAGR)have seen themost substantial increases over the 2021-2024 period.While the supply of green talent has also grown,it lags demand.Theglobal supply saw a 5.6%increase from 2023 to 2024 and a 3.2%annual growth from 2021to 2024.Countries with the highest greentalent concentrations include Switzerland (21.8%),Austria(214%).Finland (20.7%),Germany (20.7%),and Luxembourg (19.7%).However,countries like Portugal,the UK,Costa Rica,Luxembourg,and Singaporeface significant gaps in demand versus supply growth.There is a growing gap between green talent demand and supply,projected to reach 18.7%by 2030 and 101.5%by 2050 if current trendscontinue,respectively.To close this gap,we must at least double thecurrent projected green talent supply by 2050,necessitating globalinvestment in green skills and education.Linked in2Linked inUnderstanding the Green Transition:Supply and Demand DynamicsPreliminariesFor the last two years,we have been publishing the Global Green Skills Report to provide insight into thetrends shaping the green transition based on the activity of over a billion members in 200 countries andregions around the world.When we started in 2022,our taxonomist Janice Tsai had curated just over600 green skills across 12 categories of economic activities contributing to the green transition rangingfrom Pollution Prevention to Environmental Finance.Using these skills,the skills genome2 of variousoccupations,and human curation,we classified occupations into 3 groups in relation to the greentransition:Occupation CategoryWhat does it mean？An occupation that cannot be performed withoutextensive knowledge of green skills.Skills are usedas a signal for whether the greening of theeconomy is the main/primary focus of theoccupation,in any sector where the occupationGreenmay exist.Based on our skills genome data,Green'jobs have the highest green skills intensityi.e.green skills form the highest share of the skillsgenome of these occupations compared to therest.The high green skills intensity captures thefact that green knowledge needs to be extensive.The main distinction between 'greeningand 'greening potential'comes from the levelof green skills intensity typically encounteredGreeningin the occupation representative,with greeningoccupation representatives typically havinga higher green skills intensity than greeningpotential ones.Non-greenThese occupations do not have any green skillsappearing in their skills genome.These occupations,together with the list of skills help us identify members who we consider green talent;job postings that are signaling demand for green talent;fast growing green jobs based on supply anddemand trends,and much more.2 How we mapped the "skills genome"of emerging jobs,LinkedIn 2019September,20243