Cutting carbon emissions in line with the Paris climate goals could generate more than 1 million extra jobs by 2040 as Australia transforms its energy and other sectors provided policy settings are right, a new study has found…The Jobs in a Clean Energy Future report, using modelling by the National Institute of Economic and Industry Research, found the policies needed to reduce 2005 levels of carbon pollution by 80 per cent by 2040 would generate far more jobs than were lost…The study, funded by Australian Conservation Foundation and the Australian Council of Trade Unions, estimated cost across the economy would be $20 billion annually for 20 years. That sum, though, included investments that would have to be spent anyway to replace aging coal-fired power plants…The “strong action” path would see the current renewable energy target of supplying 33 terawatt-hours (TWh) of clean power by 2020 raised to 120 TWh by 2040.

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