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Australia's Renewables Potential

16 Jun 12:00 by Steve Walia

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Research from Ernst & Young carried out with the Climate Council has shown that if Australia boosted its current growth trajectory for green energy to 50pc from 34pc of its total needs, it would increase new job creation by 100pc.

A similar report was released within Australia also, looking at the green energy policies of each of the country's main political parties. Coalition policies would lead to a job creation decline, and Green and Labor policies would facilitate job growth.

A business-as-usual strategy, based on current targets for 2020, would lead to a 44pc rise in renewable energy employment compared with figures for 2014. This would particularly be the case in sectors involved in maintenance, construction and related industries, such as steel manufacture.

A target increase to 50pc achieved by 2030 would allow 28,000 additional jobs to be created, representing a 90pc employment rise. The state gaining the most from this would be New South Wales, which would see up to 11,000 new jobs created.

The report's writers also concluded that wind energy would lead the way and create more jobs than any other kind of renewable energy, representing 30pc of employment overall.

The report also found that some of the new jobs would be created at the expense of those in fossil fuel industries, but figures from the last Australian census show that these have already contracted and now represent around 8,000 jobs overall.

The news heralds potential opportunities for the country's policy-makers, business people, investors and workers alike and will put pressure on the coalition government, whose policies currently would perpetuate stagnation in green energy employment unless changes are made.

The co-author of the report, Lane Crockett, said that the global industry for renewable energy could be summed up with the words "growth" and "jobs".