42 million jobs in six G20 countries over five years – New report shows growth potential
The International Trade Union Confederation (ITUC) has called on G20 Finance ministers to drive investment of at least 2% of GDP in the green economy in the wake of independent economic analysis forecasting the potential for green jobs growth.
The Millennium Institute green investment model shows how new investments of 2% of GDP in just six G20 countries, in each of the next five years, could create up to 42 million jobs.
· 24 million jobs could be created in the economies of Australia, Germany and the USA over five years
· Emerging market economies including Brazil, Indonesia and South Africa could create over 18 million jobs in five years.
“The G20 are the world’s large economies. If investing 2% of GDP in just six of these economies over five years can create 42 million jobs, imagine how many could be created if finance ministers drive investment in all 20 economies,” said Sharan...