20 Apr '12, 4pm

Investing 2% of GDP Would Create 48 Million Green Jobs Worldwide

The International Trade Union Confederation (ITUC) is calling on the G20 to invest a minimum 2% of GDP in the green economy, based on Millennium Institute research. That research finds that 48 million ‘green and decent' jobs would be created if just 12 countries participated over the next five years. 24 million jobs could be created in the US, Germany and Australia, and 18 million jobs in Brazil, Indonesia and South Africa. "Imagine what we can do in 24 countries, imagine in 50 countries, how many hundreds of millions of jobs that would create," says the report. The report notes: Environmental deterioration and rising social inequality are twin perils of the 21st century. Many countries are living through the biggest crisis of unemployment in 100 years, and the gap between the rich and working people is growing. The majority of governments are focusing on short-term econom...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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