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The Low Carbon Economy Ltd

14 Jan 2009 05:01:06

Low carbon industry 'to create 1m jobs'

Low carbon industry 'to create 1m jobs'
Low carbon industries will provide one million jobs and ease unemployment resulting from the downturn in the economy, business secretary Lord Mandelson has claimed.

Speaking at the Jobs Summit in London, Lord Mandelson said that the UK's environmental sector is already the sixth biggest globally and is set to grow.

He added: "The global market for low carbon and environmental goods and services is currently worth about £3 trillion and it is projected to grow strongly over the next decade as both the developed and the emerging world makes the shift to low carbon or post-carbon."

And, if the UK takes advantage of the growing sector, he said that "we could see more than a million jobs in this sector by the middle of the next decade".

According to the Office for National Statistics in the three months to October 1.864 million people were unemployed, the highest rate since the three months to June 1999.



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