Job Benefits of the Intended Nationally Determined Contributions

An analysis published at the end of March by the New Climate Institute of Germany estimates  the co-benefits associated with the Intended Nationally Determined Contributions (INDC)  targets of the EU, as well as the anticipated statements from the U.S. and China. The co-benefits include the cost savings associated with reduced fossil fuel imports, the reduction in premature deaths associated with reduced air pollution, and the generation of green jobs in the renewable energy sector.

Job creation forecasts were only made for wind, solar, and hydro electricity sectors, and within that, only for manufacturing, construction and installation, and operation and maintenance. Even within those conservative parameters, the forecasts show that if the IDNC’s of the three jurisdictions were strengthened so that they actually would meet the 2 degree celsius reduction target, job creation would be 350,000 in the EU, 180,00 in the U.S.,  and 1.4 million in China. Assessing the Missed Benefits of Countries’ National Contributions  demonstrates that “the achievement of a 2°C compatible trajectory does not only preserve the well-being of future generations, but may also generate positive economy-wide returns, rather than costs for the current generation”. 

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