Low carbon sector ‘could create 1 million jobs’

More than a million jobs will be created by the low carbon industries, according to Business Secretary Lord MandelsonSpeaking at the Prime Minister’s job summit, Lord Mandelson said that the low carbon sector of the economy was set to grow dramatically and that it could help ease rising unemployment figures.Lord Mandelson said:”The global market for low carbon and environmental goods and services is currently worth about £3 trillion, and it is projected to grow strongly over the next decade as both the developed and the emerging world makes the shift to low carbon or post-carbon.”He added: “We could see more than a million jobs in this sector by the middle of the next decade”.Last year, Prime Minister Gordon Brown suggested that people facing unemployment could find jobs in the green industries and offered retraining for some to learn to install insulation.An Oxfam report recently noted that environmental issues and poverty should be tackled side by side and pointed out that insulation helped people cut both their energy bills and their carbon emissions.Source: News Distribution Service© Crown copyright 2009Add Comment