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More jobs in renewable-led COVID-19 economic recovery, EY report...

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    More jobs in renewable-led COVID-19 economic recovery, EY report finds

    A renewables-led economic recovery will create almost three times as many jobs as a fossil-fuel-led recovery, according to a report by economic consultancy Ernst and Young (EY).

    Key points:

    The EY report, commissioned by conservation group WWF, called for a mix of incentives, subsidies and regulations

    Business groups say Australia needs to approach recovery as "an opportunity, not as a challenge"
    These measures are:

    Investment in manufacturing to reduce use of gas and build new clean-technology export industries. Cost: $520m Jobs: 22,000

    Make Australia a leading global battery manufacturer. Cost: $500m. Jobs: 7,800

    Make all buses electric. Cost: $240m Jobs:10,000

    Subsidise solar for community organisations. Cost: $500m Jobs: 5,000

    Accelerate the renewable hydrogen industry. Cost: $225. Jobs: 1,200

    abc news
 
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