31 Jul 2020
Posted in Power
‘Million Jobs Plan’ advocates creation of significant green employment and proposes to aid Australia’s clean energy transition post-COVID-19, says GlobalData
Beyond Zero Emissions’ (BZE’s) ‘Million Jobs Plan’ is expected to restructure Australia’s economy and create 1.8 million fresh employment opportunities over the next five years within the renewable sector. It further incorporates in-depth analysis and policy suggestions for better buildings, manufacturing and mining, transport, resource recuperation, land use, education training, research and zero-carbon communities, all of which is anticipated to help the nation establish a renewable energy transition, says GlobalData, a leading data and analytics company.
Somik Das, Senior Power Analyst at GlobalData, comments: “A study by the Institute for Sustainable Futures suggested that unless more yearning climate change and energy policies are embraced by the federal government, almost 11,000 existing occupations in Australia’s renewable energy sector stand a chance of fading away.
“It proposes an excessively ambitious target of having 90GW of wind and solar capacity in the next five years. In addition, projects pertaining to the development of the electricity transmission network, expansion of large scale wind manufacturing, and battery manufacturing are likely to lead the creation of major green employment opportunities.”
Australia needs the finest arrangements to unlock productivity and development, and BZE’s plan is anticipated to bring together leaders in investment, business and industry to induce the thoughts scoped and built. The plan recognized a range of measures that would rapidly be able to create new employment opportunities, which would be more viable than what may be invigorated by the fossil fuel sector. The plan also proposes the positive of working to contribute to the reduction in Australia’s emissions.
Das concludes: “The plan lays additional emphasis on including long-term renewable energy fixed prices for industrial zones, including the funding of priority transmission ventures in COVID-19 recovery projects, and boosting the prospects of developing the battery storage segment within the nation. Decisions on these are likely to be significant to the country’s transition to clean energy and establishing itself as a renewable energy giant.”