Climate friendly economy can improve Latin America & Caribbean
If Latin America and the Caribbean transitions to a net-zero emission economy, this could create 15 million new jobs in the region by 2030.
This is according to a new report by the International Labour Organisation (ILO) and Inter-American Development Bank (IDB).
It states to support a sustainable recovery from the COVID-19- pandemic, the region urgently needs to create decent jobs and build a more sustainable and inclusive future.
The report finds that the transition to a net-zero carbon economy would end 7.5 million jobs in fossil fuel electricity, fossil fuel extraction, and animal-based food production.
However, these lost jobs are more than compensated for in new employment opportunities: 22.5 million jobs are created in agriculture and plant-based food production, renewable electricity, forestry, construction, and manufacturing.
The report also highlights how shifting to healthier and more sustainable diets, which reduce meat and dairy consumption while increasing plant-based foods, would create jobs and reduce pressure on the region’s unique biodiversity.
With this shift, LAC’s agri-food sector could expand the creation of 19 million full-time equivalent jobs despite 4.3 million fewer jobs in livestock, poultry, dairy and fishing.
The report offers a blueprint on how countries can create decent jobs and transition to net-zero emissions.
It adds social dialogue between the private sector, trade unions, and governments is essential to design long-term strategies to achieve net-zero emissions, which creates jobs, helps to reduce inequality and delivers on the Sustainable Development Goals .