New report finds clean energy investment creates more jobs than fossil fuels


Source: Edie.net

The global transition from fossil fuels to renewable energy and energy efficiency will be a net creator of jobs, a new UN report has claimed.

The 316-page study from the United Nations Industrial Development Organization (UNIDO) and the Global Green Growth Institute (GGGI) provides “clear evidence” that there are net-gains in employment generation by making investments in the clean energy industry rather than in the conventional, greenhouse-gas emitting fossil fuel industry.

GGI director-general Yvo de Boer said: “Significant progress has already been made in overcoming the hitherto conventional wisdom that taking steps to cut GHGs is incompatible with economic growth.

“This report moves the debate another positive step forward by showing that employment and development result from sustainable, green growth.”

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