How to get into a career in renewable energy and beyond
By now, most of us know how to install solar panels, or how to drive a hybrid vehicle, but it’s been decades since we’ve been told how to make money from the energy we generate.
That’s partly because the job market is still largely dominated by men, but mainly because women and minorities still struggle to make ends meet.
But that’s changing.
According to new research from Bloomberg New Energy Finance, nearly 30 percent of women and non-whites in the US have been financially independent for more than 10 years, and they’ve been doing it for nearly two decades.
And a whopping 30 percent have been making money since 2010, when they started their own businesses, the first year the financial independence rule was implemented.
The report shows how the number of women making money has increased from 0.5 percent in 2010 to 5.2 percent in 2020.
But while women are more likely to start businesses now, they are still struggling to break even.
The authors of the report say women are “making up” half of the new independent entrepreneurs and half of those making money from their businesses, with women making more than 70 percent of the jobs created.
Bloomberg New, which is based in New York, found that women have also been earning more money than men since 2010.
The study shows that women now earn more than twice as much as men, on average, in the first six months of a new business’ existence, and women are making up about a quarter of all women-led companies.
And with the recession, it’s not just that women are working harder.
They’re also starting businesses at younger ages, the report notes.
“When women start new businesses, they typically have lower debt and higher equity, which makes it harder for their firms to fall apart,” the authors write.
In fact, the more women start a business, the less likely it is to fail.
The new report says the number and share of women who start a new company is also going down as more women take on more financial risk, and as they start businesses.
For instance, women who started a business at 18 are now about two-thirds as likely to lose it within two years as women who did so at 26, while women who had to pay off debt more often than men are less likely to do so.
These statistics are also driven by changes in the way women work.
While women have traditionally been the primary breadwinners in households, the new report finds that the number has dropped significantly over the past two decades, from 43 percent in 1979 to 26 percent in 2015.
And even when women have the option to stay home with their children, they’re increasingly choosing to work.
The median income of a woman working full-time is about $53,000, but a woman who works part-time earns less than $35,000.
But even these numbers are only one indicator of the challenges women face when it comes to finding work, according to the report.
And while the numbers are encouraging, there are still plenty of barriers women face.
For example, they still face barriers in getting a loan, finding a job, and finding affordable housing.
And women who do start a family face many barriers in their careers, too.
“Women still earn less than men and remain in low-paying jobs,” the report states.
“These barriers to economic growth are largely due to gender-based discrimination and structural inequality, which can have a disproportionate impact on women’s pay and earnings.”
The authors point to the fact that women often need to have child care or have more flexible work schedules to get by, which may mean they can earn less money than their male peers.
In addition, they note that the gender wage gap remains at a staggering $13.7 billion a year.
The economic challenges faced by women are also impacting their children’s lives, the authors say.
While the number one obstacle women face in the workplace is lack of gender diversity, the number two challenge for women is discrimination.
And in many cases, the gender pay gap persists after children leave home.
“The barriers to women’s participation in the workforce, and the obstacles to making it financially, are especially prevalent for women in low to moderate-income families,” the study says.
This means that many women have to take on unpaid labor in their jobs, and that leaves them less prepared for the challenges that come with earning money in a world where more and more people are earning money from renewables.
For some women, the transition from being a stay-at-home mom to becoming an independent entrepreneur is even harder.
“As a stay at home mom, I don’t have the skills that my peers do,” said Jessica Tice, a business development and marketing manager for Duke Energy.
“I’ve always been a career-minded person, but I can’t get an offer from a big company.”
The report notes that women in the industry have faced challenges too, including a lack of