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| Mon, 8th Jun 2020 15:41:00 |
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Economic Recovery Funds For Renewables Would Create 3 Times As Many Jobs For Australia |
Every country in the world is struggling to reignite its economy after being devastated by the coronavirus pandemic. Many of them are proposing massive stimulus packages for fossil fuel companies, but a study by Ernst & Young, a global consulting company, finds that investing in renewable energy in Australia would create three times as many jobs as investing in oil and gas while lowering carbon emissions.
It should be an easy choice. More jobs with less pollution or fewer jobs with more pollution? Any ten-year-old could tell you which is the better way to spend taxpayer dollars, but sadly, many national leaders don't have the same acumen as the average pre-teen. Australia in particular is in thrall to mining and other extractive industries and its government is making a push for a major expansion of the country's natural gas industry.
The Guardian reports that Ernst & Young was retained by the World Wide Fund for Nature to recommend how best to spend economic stimulus funds. In its report, it finds that 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 would generate three times as many jobs as the proposed natural gas boondoogle favored by the ScoMo government.
Read original full article
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