GO FOR JOB WEALTH! Green n clean = 462 000 jobs ’
IT S all systems go for the much
’ awaited 17th Conference of the Parties (COP17) on Climate Change, which kicks off in Durban tomorrow.
And already there is talk that the greening of the South African economy has the potential to create more jobs.
According to the findings of the Green Jobs report released on Friday by the Industrial Development Corporation (IDC), the Development Bank of Southern Africa (DBSA) and Treasury Inflation Protected Securities, more than 462 000 new jobs could be created by greening come 2025.
Speaking at the release of the report at the IDC offices in Johannesburg, Minister of Economic Development Ebrahim Patel said that in making the transition to a greener and less carbon-intensive economy job creation was likely to be boosted.
The report indicates that the biggest contributors to job creation would be activities associated with natural resources management. However, opportunities associated with energy generation will become increasingly important as a contributor to green job creation.
The experience of several ad“vanced and emerging countries that have been adopting green initiatives point to an extraordinary opportunity for South Africa as it pursues a job-rich new growth path.
As a considerable emitter of “greenhouse gases, South Africa faces the challenge of transitioning to a less carbon-intensive growth trajectory without delay.
In short, our challenge is to “use less carbons and more people in our economic growth. This is what we mean by a “new growth path,” Patel said.
Jorge Maia, head of IDC research and information and co-author of the report, said a green economy should result in considerable expansion of productive capacity and service delivery across a wide spectrum of economic sectors.
This should be progressively “supported by investment activity and result in considerable employment creation. The momentum provided by “the greening of an economy is being increasingly exploited in countries such as the US, the UK, China and Brazil, among others,” Maia said.
DBSA strategic operations executive David Jarvis said that, given South Africa s 25% unem
’ ployment rate, the potential for greater participation by local companies in the greening of the economy should be realised to the fullest extent possible.
TOP COP VENUE: Durban International Convention Centre
GREENING: Minister of International Relations and Cooperation Maite NkoanaMashabane