A new study on the impact of an emerging global “green economy” on the world of work says efforts to tackle climate change could result in the creation of millions of new “green jobs” in the coming decades. However, the process of climate change, already underway, will continue to have negative effects on workers and their families. Carla September summarises the study.
The new report, Green Jobs: Towards Decent work in a Sustainable, Low-Carbon World (see reference), says changing patterns of employment and investment resulting from efforts to reduce climate change and its effects are already generating new jobs in many sectors and economies, and could create millions more in both developed and developing countries. However, the report also finds that the process of climate change will continue to have negative effects on workers and their families, especially those whose livelihoods depend on agriculture and tourism. Action to tackle climate change as well as to cope with its effects is therefore urgent and should be designed to generate decent jobs ... ... this article is for subscribers only. For direct log in >>> click here.If you have no subscription >>> pick your option or >>>
Race to a New Bretton Woods + Time for UN to Act + Stiglitz' New Economic Compact + China's Agrarian Reforms + Transparency Deficit of IMF and World Bank
Since the financial meltdown began in mid-September, the bond markets of most of the region have been hit, as well as most of their stock markets and a number of currencies. Can South America escape the wrath of the economic and financial storms that have their epicenter in the United States?
On 11 October 2008, the International Working Group of Sovereign Wealth Funds (IWG) released the Generally Accepted Principles and Practices (GAPP) that would guide the governance and accountability framework of sovereign wealth funds (SWFs).
For years, only a small and enlightened elite and some NGOs looking beyond their tiny projects have been calling for a New Bretton Woods - a global conference to restructure the global economic and financial system. Yet suddenly such demands have become almost mainstream, and developments have accelerated tremendously.
The timing has been perfect: In the middle of October, the Central Committee of the Communist Party of China approved a reform proposal that will allow farmers to lease or transfer their land rights. Called a "historic" decision by some observers, the Chinese government announced it as Chinas contribution to counter the financial crisis.
The 2008 US Presidential election was historic itself owing to the candidates' profile. But the timing of the elections as the U.S. and global economy are in the midst of the worst financial crisis and recession in decades reminds us of the Great Depression era and the 1980s recession.