How to tackle COVID-19 jobs crisis and climate change? Invest in clean energy

(Reuters, 18 Oct 2021) Putting money into solar equipment manufacturing creates 1.5 times as many jobs as the same spending on fossil fuels, while for wind power the figure is 1.2 times, report finds

Investing in clean energy can help economies recover from the slowdown caused by the COVID-19 pandemic as it will add more jobs than backing fossil fuels, researchers said on Monday.

"Green investments can be an important part of recovery packages, lead to job creation and positive economic outcomes, and help address climate change," said a report from the World Resources Institute (WRI), a U.S.-based think-tank.

Yet in a bid to spur growth after millions lost work during coronavirus lockdowns worldwide, governments are spending more on carbon-heavy industries that neither address climate change concerns nor offer stability to workers, it warned.

Analysing more than a dozen studies conducted over the past decade, the WRI report projected that $1 million in green investments would create more near-term jobs than the same amount invested in roads and fossil fuels.

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Reuters, 18 Oct 2021: How to tackle COVID-19 jobs crisis and climate change? Invest in clean energy

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