Antinuclear

Australian news, and some related international items

Australia could create hundreds of thousands of jobs by accelerating shift to zero emissions – report

could create hundreds of thousands of jobs by accelerating shift to zero emissions – report

Decarbonising the economy by investing in renewable energy, clean buildings, clean transport and manufacturing could help fight the recession, Guardian, Adam Morton Environment editor @adamlmorton, Mon 29 Jun 2020 Hundreds of thousands of jobs could be created in Australia by hurrying the shift to zero greenhouse gas emissions, a study backed by business and investment leaders has found.

The Australian Bureau of Statistics estimates 835,000 jobs have been lost since the coronavirus pandemic shutdown began in March. A report by Beyond Zero Emissions, an energy and climate change thinktank, says practical projects to decarbonise the economy could create 1.78m “job years” over the next five years – on average, 355,000 people in work each year – while modernising Australian industry.

Called the “million jobs plan”, it says further stimulus measures needed to fight the Covid-19 recession are “a unique opportunity to lay the foundations for a globally competitive Australian economy fit for 21st century challenges”.

The report focuses on proposals it says are already being planned and could create jobs by accelerating private and public investment in renewable energyclean buildings, clean transport, manufacturing and land use that will happen in the years ahead anyway. Benefits would include improved air quality and new employment in regional areas.

Eytan Lenko, Beyond Zero Emissions’ interim chief executive, said the group had brought together investment, business and industry leaders to scope the best clean solutions that would drive productivity and growth.

“No one thought 2020 would turn out the way it has. We now have a unique opportunity to seize this moment, to retool, reskill, and rebuild our battered economy to set us up for future generations,” he said.

The plan would require hundreds of billions of dollars in investment. It says clean energy investors have indicated their willingness to spend on this scale, pointing to the more than $100bn of existing renewable energy projects proposed but yet to be built.

The report says Australia risks missing out on some of these opportunities, and others in electric transport, zero-carbon manufacturing and green steel, unless governments deliver policy certainty and help create an environment that encourages large clean investment deals. Reserve Bank research found the number of large-scale renewable energy projects reaching commencement fell about 50% last year after a record-setting 2018.

Beyond Zero Emissions says governments also have a role to play in direct investment in, for example, urgent transmission line projects to new renewable energy zones, the construction of energy-efficient social housing, and the introduction and expansion of electric buses and trains……….  https://www.theguardian.com/australia-news/2020/jun/29/australia-could-create-hundreds-of-thousands-of-jobs-by-accelerating-shift-to-zero-emissions-report

June 29, 2020 - Posted by | AUSTRALIA - NATIONAL, employment, energy

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