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Creating 15 million new jobs for a sustainable recovery and a net-zero emissions future

August 26, 2020 por Ana María Rodríguez-Ortiz - Vinícius Pinheiro 1 Comment


After the pandemic, countries will need to restart their economic engines. This requires supporting businesses and redoubling efforts to protect vulnerable people and their income. It will be a huge effort to pave the way towards a new normal, which must also be a better normal.

One way to do things better is to create a net-zero carbon emissions economy. In addition to being essential to protecting the future of humanity, it will be able to create 15 million net jobs in Latin America and the Caribbean this decade. These jobs are needed more than ever in the aftermath of unemployment and greater labor informality caused by the pandemic.

The arguments in favor of a more sustainable and inclusive economic development are numerous. One of the strongest has to do with the need to face the climate emergency that has been repeatedly announced, and that exposes workers to the vulnerabilities demonstrated during the pandemic.

The IDB estimates that damage caused by climate change could cost the region USD 100 billion annually by 2050. The International Labor Organization has estimated that, due to thermal stress caused by global warming, 2.5 million jobs could be lost in Latin American and Caribbean countries, which would affect, among others, the construction and agriculture sectors.

In this scenario, the evolution towards an economy that favors sustainability and social inclusion is a necessity for our times. But can it generate the promised jobs?

A new study by the IDB and the ILO has carried out the task of identifying the sectors where it is possible to generate these jobs while making progress towards reaching the goal of net-zero carbon emissions by 2050, in line with the objectives of the Paris Agreement.

This process of decarbonizing the economy involves reducing carbon emissions, and balancing the remaining emissions, for example by planting trees at scale to act as carbon sinks. Moving forward with this transformation creates millions of jobs in sectors such as sustainable agriculture, forestry, solar and wind energy, manufacturing and construction.

Latin America and the Caribbean is well positioned to benefit from a transformation towards a sustainable and inclusive economy. The region has 40% of the world’s biodiversity and 50% of the tropical forests, and it is a very important food exporter. Furthermore, it has the cheapest renewable electricity in the world and lithium and copper reserves are an advantage for the transformation towards electromobility.

In turn, the restoration of ecosystems, the introduction of new methods of agriculture, and ecotourism come with development opportunities and higher incomes in rural areas. The strengthening of public transport improves access to employment and the quality of life for all; and the integral management of waste and the promotion of the circular economy can improve the competitiveness and health of citizens in Latin America and the Caribbean.

There are great challenges of course. Some jobs will cease to exist, for example in the coal, oil or large-scale livestock industries. Affected workers, communities and companies will need social protection, training, business development and new investments in sectors of the future, rehabilitation programs, compensation mechanisms and other policies to recover. In addition, it will be necessary to develop strategies so that both workers and companies acquire new skills and can take advantage of these opportunities, while seeking to achieve decarbonization objectives and to extend decent work opportunities.

Faced with these challenges, it is essential to have an effective social dialogue, which allows the necessary consensus to be achieved to build a decarbonized future.

The reconstruction that will be necessary to achieve a productive recovery in the coming years must be linked to a transformation in the way we produce and consume. In the search of this better normality, a commitment to a more sustainable, inclusive, resilient and healthier future will be imperative.

A version of this article was published originally by El País.

Further reading: 

Jobs in a Net-Zero Emissions Future in Latin America and the Caribbean 

Getting to Net-Zero Emissions: Lessons from Latin America and the Caribbean  

Peru advances towards carbon neutrality with an ambitious, participatory and robust plan

Chile shows that multi-stakeholder participation is key to designing long-term decarbonization strategies

Follow us on Twitter: @BIDCambioClima 

Photo: Adobe Stock

Watch a recording of our recent webinar to launch the report here.


Filed Under: Climate change Tagged With: decarbonization, jobs, sustainable recovery

Ana María Rodríguez-Ortiz

Ana María Rodríguez-Ortiz serves as Vice President of Sectors and Knowledge since January 2019. She was Manager of the Institutions for Development Department (IFD) since February 2011 until December 2018. She previously served as Manager of the Andean Country Group. Since joining the Bank in 1991, Mrs. Rodríguez-Ortiz has occupied several positions, including Senior Advisor to the Office of the Presidency from May to December 2010, and IDB’s Country Representative in Peru from July 2007 to April 2010. She has also been Chief Advisor to the Executive Vice Presidency; Chief of the Finance and Basic Infrastructure Division of the Regional Operations Department; Chief of the Country Division for Colombia, Ecuador, Peru and Venezuela; and Technical Advisor to the Executive Vice Presidency. Prior to working at the IDB, she served as Economic Advisor to the President of the National Banking Association in Colombia, worked at Banco de la República (Colombian Central Bank) and at the Banco Central Hipotecario of Colombia. Mrs. Rodriguez-Ortiz, a Colombian citizen, holds a Master of Arts in Development Economics from Williams College in Massachusetts and a degree in Economics from Universidad de Los Andes in Bogotá.

Vinícius Pinheiro

The Regional Director of the ILO Office for Latin America and the Caribbean, Vinícius Carvalho Pinheiro, took office on March 1, 2020. Pinheiro, a Brazilian national, previously served as ILO Special Representative to the United Nations and Director of the ILO Office for the United Nations in New York. In 2005 he joined the ILO as head of the Social Protection Program of the International Training Center of the ILO in Turin. In 2007 he was transferred to the Department of Social Security in Geneva, to later hold the position of Principal Counselor to the Director-General of the ILO, from 2009 to 2012. Before joining the ILO, Vinicius Pinheiro worked as Principal Pension Specialist in the Financial Markets Division of the Organization for Economic Cooperation and Development (OECD), and was a consultant in organizations such as the World Bank and the Inter-American Development Bank. . In 2002, he was vice president of the Inter-American Conference on Social Security in Mexico City. Previously in Brazil he held a series of positions related to social security including Minister of Social Security a.i. and that of Executive Secretary of the National Social Security Council. Pinheiro is an economist with a master's degree in political science.

Reader Interactions

Comments

  1. Govind Bhatt says

    August 27, 2020 at 2:16 pm

    Congratulations for producing such “a master piece gem” for the development sector.

    It will be significantly supportive to teams in designing and implementing pragmatically efficient and effective initiatives – also in economies beyond the Latin America and the Caribbean we believe.

    Grateful for kindly enabling access to the article and the book!

    Reply

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Sustainability

This blog is a space to reflect about the challenges, opportunities and the progress made by Latin American and Caribbean countries on the path towards the region’s sustainable development.

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