A research report commissioned by the Climate Institute has found that the introduction of the Carbon Pollution Reduction Scheme will create more than 25,000 jobs in renewable energy projects.
“The Carbon Pollution Reduction Scheme and direct multi-billion investments through the Federal Budget will, if passed by Parliament without further weakening, provide a platform for tens of thousands of clean energy jobs across Australia and support a cost and risk effective climate policy strategy,” the report read.
“Around 26,200 new jobs will be created if all planned and committed clean energy projects go ahead.”
According to the report, renewable energy projects will put billions of dollars into Australian economies.
“Over $31 billion will be invested in these new clean energy projects, injecting around $10 billion into local economies in regional Australia,” it read.
The research comes a week after the results of a study commissioned by the Minerals Council of Australia we published, suggesting that the introduction of an emissions trading scheme would see the mining industry nearly 24,000 jobs in the coming decade and over 66,000 by 2030.
The Climate Institute’s research shows that all of the renewable energy projects currently in the pipeline, many of which are in regional areas, will create around 2500 permanent jobs, 15,000 construction jobs and 8600 associated positions.
According to the Climate Institute, the employment assessment does not include the thousands of jobs that would be created by investments in industries such as energy efficiency, small scale distributed renewable energy such as roof top solar and lower carbon traditional energy sources.