Reaching net-zero emissions by 2050 could generate 20 million jobs: study

By honouring its Paris Agreement goals, Canada’s construction industry stands to gain significant demand in employment. 

The reduction of emissions has the potential to generate close to 20 million jobs, according to a recent study from the Columbia Institute.

According to the study, reaching net zero emissions by 2050 could unlock nearly 4 million in direct building-trade jobs in various areas while creating an additional 20 million indirect, induced and supply-chain jobs.

The study, Jobs for Tomorrow – Canada’s Building Trades and Net Zero Emissions, was commissioned by Canada’s Building Trades Unions and is the first study to predict the outcome to the construction industry if Canada honours its Paris Agreement goals.

The study predicts that, based on current construction employment figures in the green building sector, a 2050 net-zero scenario could create 1, 997, 640 direct non-residential building jobs.

Additionally, the building of district energy systems could amount to over 547, 000 in construction jobs, and moving to renewable energy sources could result in over 1, 177, 055 direct construction jobs.

Finally, the building-out of urban transit infrastructure valued at $150 billion between now and 2050 would create nearly 245, 000 direct construction jobs. 


“If Canada is serious about meeting our climate commitments, we need to move faster in areas like renewable energy, green building construction, building retrofits, and transportation infrastructure,” Columbia Institute’s executive director, Charley Beresford, said in a press release.

“Meeting our climate goals is good for the planet and good for the economy and job creation.”


comments powered by Disqus

More from Economy

Government announces $50,000 threshold for passive income

B.C. Chamber says government has listened to the concerns of B.C. businesses 

Read Article

Seeking CETA’s small-business benefits

Canada-EU deal could generate big business for small B.C. firms

Read Article

Insider Trading: October 17, 2017

The following is a list of stock trades made by corporate executives, directors and other company insiders of B.C.’s public companies filed in the week ...

Read Article

B.C. staffing, revenue up for top national, global firms

69% of companies moved up in ranking on Business in Vancouver’s top-100 list

Read Article

Recommended reading resources for small businesses

Vancouver Public Library offers an array of research tools for entrepreneurs

Read Article

Subscribe to our mailing lists

You may withdraw your consent at any time.

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
Business in Vancouver Media Group
303 West 5th Avenue, Vancouver, British Columbia
V5Y 1J6 · Canada
604-688-2398
×