The Guardian discusses how a renewable energy stimulus can create three times as many Australian jobs as fossil fuels. Government spending on clean energy would deliver 100,000 new jobs, EY assessment finds.
Stimulus programs backing clean energy as a path out of recession would create nearly three times as many jobs for every dollar spent on fossil fuel developments, according to a financial consultancy analysis.
The assessment by professional services firm Ernst & Young (EY) says a government focus on renewable energy and climate-friendly projects to drive the economic recovery from the Covid-19 pandemic could create more than 100,000 direct jobs across the country while cutting greenhouse gas emissions.
Commissioned by environment group the World Wide Fund for Nature, the EY report suggests fast-tracking wind and solar farms that have already been approved, increasing electricity transmission capacity and backing new industries in battery manufacturing, electric buses, renewable hydrogen and manufacturing powered by renewable energy.