Investment in the low carbon economy has the potential to create decent work and quality jobs to support local communities and workers in regions most strongly impacted by the on-going transformation to a decarbonised society. The Government’s National Mitigation Plan recognises that fully realising the economic opportunities in the low carbon economy is key to ensuring a just transition.
To inform this process, the National Mitigation Plan contains a commitment to prepare a report on the economic and employment implications of the transition to a low carbon economy. The exact terms of reference for this work are still to be finalised but will be cognisant of the need to take on board a range of factors. This may include but not be limited to the following areas:
- Employment impacts
- Social and regional dimension
- Need for stakeholder dialogue
- Skills and training aspects.