Green jobs can fuel economic recovery. This is the logic behind PresidentObama’s pledge to invest $150 billion to create 5 million green jobs inthe US over the next 10 years.
The convergence of automation andglobalization have permanently eliminated millions of jobs. High ratesof unemployment are a function of changing global economy.The greeneconomy can create jobs and fuel the ongoing recovery.
Research from the United Nations Environmental Programme (UNEP) has indicated that transitioning to a sustainable, low-carbon economy can create millions of green jobs. The US Department of Labor has projected significant growth in green jobs between 2008-2018.
If these predictions are to materialize, governments will have to invest.This means governments will have to set and meet ambitious goals thatwill help to accelerate the growth of the green economy. President Obama made clear his commitment in his 2011 State of the Union address when he announced his desire to see America pursue clean energy, electric cars and an end to oil subsidies.
Richard Matthews is a consultant, eco-entrepreneur, sustainable investor and writer. He is the owner of THE GREEN MARKET, one of the Web’s most comprehensive resources on the business of the environment. He is also the author of numerous articles on sustainable positioning, green investing, enviro-politics and eco-economics.