Investors are keen to create ‘green jobs’ in technologies such as nuclear, hydrogen and carbon capture but they are too expensive to work without subsidy.
Prime Minister Boris Johnson is seeking advice from industry on how to create green jobs in the U.K. as unemployment rose at the quickest pace in a decade.
The government is gathering a green jobs taskforce that seeks to create employment for 2 million by 2030. Johnson is planning a major speech on how he will spur an industrial revolution in clean-energy technologies, part of a series of initiative leading up to global talks on climate change the U.K. will host next year.
The move also is aimed at helping the U.K. economy recover from the battering delivered by coronavirus lockdowns, with the number of workers being made redundant hitting a record. With the government weighing a ban on diesel cars by 2035, it’s seeking to spur new technologies like electric vehicles and offshore wind power that can absorb workers from industries that are being wound down.
“Businesses desperately need a framework to plan and there’s been a lack of certainty about the future direction of travel,” said Kate Bell, head of rights, international, social and economic at the Trades Union Congress. “There is a need to get moving quickly.”
The government has once again delayed a much anticipated energy policy paper that will set a direction for how the U.K. will meet its target to eliminate greenhouse gas emissions by 2050. It will be key for investors who want to create jobs in technologies such as nuclear, hydrogen and carbon capture that are key to reducing pollution but too expensive to work without subsidy. […]
The TUC has identified 1.24 million jobs that could be created across the U.K. in two years by investing 85 billion pounds in areas such as home insulation, electric car charging, and planting trees.