Global Labor Institute

1.The investment challenge

New investment in sustainable energy reached record levels of $148.4 billion in 2008, 60% higher than in 2006. IEA says $45 trillion needed by 2050 — $27 in global South. Investments in fossil fuels 6:1 over renewables.

Challenges to Global Green Job Growth

Global Labor Institute

2. The technology challenge

Challenges to Global Green Job Growth

Integrated gasification combined cycle

Integrated stationary fuel cell systems

Advanced reactor and fuel cycle technologies

Hybrid and plug-in hybrid vehicles

High efficiency appliances

Technologies designed for CO2 capture and storage (CCS)

Global Labor Institute

3. The Food and Agriculture Challenge

Challenges to Global Green Job Growth

Industrial agriculture is capital and energy intensive

Sustainable, organic and urban agriculture creates more employment

Global Labor Institute

4. The labor market challenge

Challenges to Global Green Job Growth

Informality – precarious work – low pay

Global Labor Institute

5.The Urbanization Challenge

1 billion slum dwellers

By 2020, 50% of world’s urban population will live in slums.

Slums are not very green

Challenges to Global Green Job Growth

Global Labor Institute

6.The Growth/Profit Challenge

• World economy x 5 since 1950

• Half world’s population remain very poor

• Consumption: 10% / 90%

Challenges to Global Green Job Growth

Global Labor Institute

Green Jobs and the “Green New Deal”

Global Green New Deal is Crucial to Green Job Growth

• A new financial architecture is needed • Reform structures of global governance

• Distributional justice – (Wall St. bailout x10 needed to half world poverty by 2015)

• Full spectrum protection of environment