1. This past fall 2021, Mark Carney, former Bank of Canada governor, underscored to the financial sector that this transition is “the greatest commercial opportunity of our age.” It’s also a job-rich one: the International Labour Organization estimates 24 million green energy jobs will be created this decade [1]via the global energy transition, and more than 43 million new renewable energy jobs by 2050.[2]

2. In Canada, estimates from Stanford University and the Green Economy Network predict 1 million to 3 million new jobs will be needed to transition Canada’s economy onto safe and renewable energy.[3]

3. Done right, the economic transformation to a clean and renewable economy can create hundreds of thousands of good-paying jobs in Canada and thousands of high-quality jobs here in NL.[4]

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[1] ILO. 2018. Greening with Jobs. World Employment Outlook. Geneva: International Labour Organization.

[2] IRENA. 2021. World Energy Transitions Outlook: 1.5C Pathway. Abu Dhabi: International Renewable Energy Agency.

[3] Jacobson, M.Z., M.A. Delucchi, M.A. Cameron, S.J. Coughlin, C. Hay, I.P. Manogaran, Y. Shu, and A.-K. von Krauland. 2019. “Impacts of Green-New-Deal energy plans on grid stability, costs, jobs, health, and climate in 143 countries,” One Earth, 1, 449-463, doi:10.1016/j.oneear.2019.12.003, 2019, https://web.stanford.edu/group/efmh/jacobson/Articles/I/WWS-50-USState-plans.html

[4] Columbia Institute. 2017. Jobs for Tomorrow: Canada’s Building Trades and Net Zero Emissions. Vancouver: Columbia Institute. https://columbiainstitute.eco/wp-content/uploads/2017/09/Columbia-Jobs-for-Tomorrow-web-revised-Oct-26-2017-dft-1.pdf