The time is not very far when the World’s oil reserves will be consumed completely and a country’s growth, prestige, and policies will rotate around new sustainable energy sources. It’s even more evident with the oil politics we see now.
And there is no ambiguity that the country with the most efficient methods and more resources of energy will survive and thrive in future.
How It Could Effect Accountants
As an accountant, and/or accountancy student, mapping the future possibilities should be our priority. Future accounting services and future jobs for accountants depends on how the businesses, especially the energy business – the most profitable and most influential - are growing and how they are setting new standards and shapes for others to follow.
According to Energy saving Trust*, the market for solar photovoltaics is expected to increase dramatically. And so will the jobs surrounding it. Perhaps it’s only a matter of time before this industry fully takes off mainstream.
It is believed that the solar technology will be substituting nuclear and coal fuels by 2025, maybe before. Why maybe before? Because scientists believe that due to green house gas effects, polar ice will be starting to melt, but there is possibility that the ice is melting at a rate above their expectations.
So we might have no choice but to implement the solar technology. So if you are planning to specialize in any field after completing your ACCA, then I don’t see any reason to neglect this business field as a potential career move.
I talked with Mr. Shafiq Iqbal, a renowned scientist and a personal friend. Although normally I discuss with him the benefits of different/alternative energy solutions, this time I asked him the benefits from a job market perspective.
“Forgetting the environmental benefits for a second, and discussing other aspects, then I can still say yes, there are benefits to the job market. Yes, you see, there are now pacts between countries to reduce or control their emission levels. And who knows, perhaps there will be more pacts between companies and new auditors who come into business – auditing the emission levels – though there are already regulatory bodies doing the same job – but I can see the private sector coming over to this side”, he said. “This will be a snow ball effect”.
Whatever the policy government use, they cannot avoid the fact that the World needs an alternative sustainable and moreover, Green energy solutions. So as an accountant, Part Qualified or as a business development manager, you cannot neglect the importance of this industry. After all, we have been observing changes in our syllabus which now include Sustainable Reporting and other related issues.
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