Military [New] Decarbonisation of the global energy system can grow the global economy and create up to 28 million jobs by 2050. [New] Moving to a zero-emission future can deliver economic benefits of $26 trillion through to 2030, create 65 million new low-carbon jobs and avoid 700,000 premature deaths from air pollution. [New] Shifting to a new climate economy could generate 65 million new low-carbon jobs globally in 2030, more than offsetting employment reductions in declining sectors and leading to a net employment gain of 37 million jobs. [New] Investments to both save and create jobs in New Zealand's Budget 2020 mean unemployment can be back to pre COVID-19 levels within two years and could see the economy growing again as early as next year. [New] Every $1 million in spending generates less than three fossil fuel jobs, but will generate more than seven full-time jobs in renewable energy and almost eight full-time jobs in energy efficiency. [New] The UN recently warned that nearly half of all jobs in Africa could be lost due to coronavirus, while income losses in developing countries could total $220bn. 900,000 new jobs will be generated in the creative industries between 2013 and 2030, with local economies growing their creative industries employment by an average of 11%, twice as fast as other sectors. The transition to a circular economy would create new markets, jobs, products and services, boost EU's GDP by 7% and generate a net economic benefit of €1.8 trillion by 2030. Many temporary Australian visa holders have gone back home after losing their jobs and there is expected to be a dramatic fall in migration over the next few years, with the Government projecting an 85% fall in 2020-21. Spending on global military communications systems and services will grow to over $36.7 billion in 2026, a compound annual growth rate of 3.5%. The solar sector could account for 22 million jobs by 2050, energy storage could support 4.5 million workers, and wind energy could constitute 1.5 million jobs if the world reaches 100% renewable by 2050. Warehouse and Oasis have filed for administration, leaving about 2,300 workers at risk of losing their jobs. In the German manufacturing sector, industry 4.0 will drive productivity by 5-8% in the next 10 years, creating 390,000 new jobs and increasing investments by US$269bn. 9% of new US jobs will be created by techs like AI, robots, machine learning, and automation by 2025. The Australian forestry industry could potentially treble its production value to up to $300 million per annum and create 600 new jobs over the next five to ten years. Whilst also being commonly cited as the most efficient renewable energy, the global wind industry drives the creation of new jobs and could employ over six million people worldwide by 2050, compared to about one million currently. The latest Outlook report from IRENA foresees a total of 42 million jobs in renewable energy plus another 21 million employed in energy efficiency fields, and 15 million in system flexibility pursuits by 2050. [The] $90 billion Naval Shipbuilding Plan is creating thousands of jobs in SA, with the workforce expected to grow from 2,500 workers today, to more than 6,300 by 2030. Up to 60 million new jobs in the green economy could potentially be created by 2030 - if properly managed, green growth can provide an opportunity to address the youth employment challenge while simultaneously preserving the environment and increasing climate resilience. The transition to a renewable energy-powered economy can add 550,000 jobs each year while saving the US economy $78 billion through 2050. Without hydraulic fracturing, there would be $23.4 billion less in US state and local revenues by 2025, 125,000 jobs lost almost immediately, and 609,000 jobs lost by 2025. While Trump's efforts to reverse the decades old hollowing out of US industry, and move millions of people into higher paying manufacturing jobs, it will be a long run effort. See full forecast Last updated: 24 May 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
