On 28 February 2011, the Climate Institute, an Australian interest group, released a study claiming that a 25% reduction on 2000 level greenhouse gas emissions by 2020 would be positive for regional economies because it would generate over 30,000 jobs.
Frontier (Australia)’s latest bulletin provides a critique of this claim. It argues that, unfortunately, the Climate Institute’s study misses the point of a carbon reduction scheme – to reduce emissions, not create jobs. Further, and crucially, the Climate Institute fails to identify the net impact on jobs and does not consider whether “green” jobs will manifest in Australia or overseas, or how costly any new jobs will be.
For more information, please contact Marita O’Keeffe at m.okeeffe@frontier-economics.com.au or call +61 (0)3 9620 4488.