Putting People First – The Increasing Importance of Human Capital in the Green Transition
July 2024
The nature of the maritime industry is changing rapidly as companies and stakeholders try to cope with the challenges of the green transition.
This theoretical discourse seeks to highlight the role of human capital in this regard; the seafarers, shore-based personnel or the educators in promoting decarbonization agenda.
While the paper emphasizes the need to train in new areas, it exposes various issues, including the existence of skill gaps, training opportunities inequality, and resistance to change. The paper also explores the preparedness and contribution of MET institutions in shaping human capital for new emerging demands and explores the policy and governance framework for a just transition.
From the outcomes of our review and analysis, it can be concluded that apart from the technological progress it should be noted that the success of green transition in the sphere of the maritime industry is determined by the opportunity to reveal and develop human capital, by upskilling, reskilling and investing in training.