How a just transition can speed up the race to net-zero. Long championed by the trade union movement, the just transition is now also becoming a shared endeavour. Five years ago, the Paris Agreement recognised the imperative of placing the interests of workers and communities centre-stage so that decarbonisation brings decent work and quality jobs. All the evidence suggests that the creation of the net-zero economy offers huge potential to create both more and better jobs, thereby contributing to ending the poverty and inequality that hold back the global economy. Looking at energy, for example, the sector employed almost 58 million people worldwide in 2017. According to IRENA, this could rise to 100 million under its Transforming Energy Scenario, which would set the energy system on the path needed to keep the rise in global temperatures to well below 2°C and closer to 1.5°C during this century. This generates 15% more jobs than IRENA’s conventional Planned Energy scenario, led by renewables, energy efficiency as well as power grids and energy flexibility. This shift is already underway with renewable energy jobs growing by 500,000 to 11.5 million in 2019.
Carbon Tracker 18th Nov 2020 read more »