Market News

 May 09, 2009
Green Energy = Green Jobs

 Ontario could create up to 90,000 jobs through investments in green energy and grid upgrades, according to a report by WWF-Canada, Blue Green Canada and the Green Energy Act Alliance.  

"This reaffirms what we already know: green energy equals green jobs," said Deb Doncaster, Campaign Chair for the Green Energy Act Alliance.

The study, led by Professor Robert Pollin, an expert in the economics of building a clean-energy economy and co-director of the Political Economy Research Institute at the University of Massachusetts-Amherst, assesses the job creation potential of two investment scenarios.

Under the first scenario, based on European countries that have laws similar to the proposed Green Energy Act, a total investment of $47.1 billion over 10 years would result in 90,000 jobs per year. The jobs would ramp up over time as investments in conservation, renewable energy, recycling waste energy into electricity and smart grid upgrades increased.

Under the second scenario, based on the green energy investments proposed in the Ontario Power Authority’s plan for rebuilding the province’s electricity system, investments totalling $18.6 billion over 10 years would result in the creation of 35,000 jobs per year. The Ontario Power Authority is expected to release a revised electricity plan this summer, once it has gauged the initial response to the Green Energy Act.

"This study shows that the Green Energy Act could create far more than the 50,000 new jobs promised by the government, but only if we raise our level of green power ambition above and beyond what was in the old electricity plan," said Dr. Keith Stewart, Climate Change Campaign Manager for WWF-Canada.

The study found that a wide range of jobs would be created, from construction to professional services, and most jobs would pay over $20 per hour. To ensure that Ontario maximizes the job creation potential, the study recommends increasing local content.

"The members of our union are ready to produce the next generation of clean energy products and parts, such as steel for windmills and glass for solar panels," said Ken Neumann, National Director for Canada of the United Steelworkers, a member of Blue Green Canada. "This study shows that, with the right policies, we can clean up our environment and also create the good green jobs of the future."

The full report, Building the Green Economy, is available to download on the Blue Green Canada web site (www.bluegreencanada.ca) and the Green Energy Act Alliance web site (www.greenenergyact.ca).