Climate investment creates million jobs

A new report finds government leadership on investment in clean energy, technology and energy efficiency could create a million more jobs than doing nothing.

Strong government investment responding to climate change could create a million more jobs over the next two decades.

The strongest jobs growth would be in construction and services industries, new modelling from the Australian Conservation Foundation and the ACTU finds.

Even taking a medium level of action would create almost 380,000 more jobs by 2040, the Jobs in a Clean Energy Future report released on Wednesday says.

Medium action would entail a $10 billion annual budget for emissions reductions - funded by a "modest carbon price" - that would be spent on projects and technologies like renewable energy generation and battery storage, electric vehicles, and public transport.

The strong action scenario modelled would have the government invest even more money in similar projects plus general energy efficiency and the development of biofuel.

Increased investment in public transport, road construction and building infrastructure for electric vehicles would create some 190,000 construction jobs, the report says.

Other jobs could be created in areas like retrofitting houses and offices to be more energy efficient.

ACTU president Ged Kearney says these things don't just create more jobs, they're good for communities and the environment.

"Credible and enduring climate and energy policies will create one million new jobs and unlock billions in investment in clean energy and technologies - but government leadership is essential," she said in a statement.

ACF chief executive Kelly O'Shanassy said the transformation to cleaner energy was already happening but without national leadership it could be chaotic and disruptive.


Share
2 min read

Published

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world
Climate investment creates million jobs | SBS News