Up to 60 million jobs could be created by green economy: ILO

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green economy

The transition to a greener economy could generate up to 60 million jobs according to a report launched in Geneva on Thursday.

The study by the Green Jobs Initiative is a partnership between the United Nations Environment Programme(UNEP), the International Labour Organization (ILO), the International Organization of Employers (IOE) and the International Trade Union Congress (ITUC).

ILO Director-General, Juan Somavia, says that at least half of the global workforce, an equivalent of 1.5 billion people would be affected by the transition to a greener economy.

"The bottom line, from the perspective of jobs is that there can be a net gain of up to 60 million jobs over the next decades by moving to a greener economy. We don't have to choose between protecting the environment and creating jobs, and I think this is a very important notion. It is not a neither or approach. We can do both and it comes down to the types of policies to be adopted."

Duration: 26"

Mr. Somavia said those policies include public and private investment in the greening of production processes.

He also said investment in social protection would be required because the transition to a greener economy would create news jobs, but may eliminate others.

Filed under Today's News.
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