A REPORT released yesterday revealed that Victorian industry has the potential to benefit from up to $25 billion of greenhouse opportunities.
The Minister for Industry and Trade Martin Pakula said the first phase of the ‘Victoria’s Greenhouse Opportunity Set: New Growth Prospects in a Carbon Constrained World’ report identified economic potential over the next two decades.
This included $4.6 billion in water infrastructure and technology, $2.25 billion in green building and construction services, and $3.3 billion in energy storage and technology.
Pakula said the government commissioned the report to assess future commercial opportunities arising from climate change and the ability of Victorian industry to capitalise on them.
He said the report highlights that rapid action on climate change can further spur the creation of new and sustainable jobs.
Pakula said the second phase of the research will be to develop five case studies in close collaboration with industry.
He added studies into green construction and water infrastructure and technologies are about to commence, considering export and domestic markets and the identification of opportunities for jobs growth and strategies to position Victorian industry as national and regional leader in these areas.
Pakula added Victoria is on the verge of significant growth in the green industries and the Victorian Government is taking immediate action to unlock this potential.
Skills and Workforce Participation Minister Jacinta Allan said that given the right policy settings, changing to a ‘green economy’ would create at least 33,000 new jobs in manufacturing, 77,000 jobs in transport, and 145,000 jobs in construction nationally over 10 years.
“Green industries are offering a wealth of economic and job opportunities ready to be unlocked by Governments and industries with the ideas and innovation to embrace them,” Ms Allan said.
Add a comment