The transformation to a greener economy could generate 15 to 60-M additional jobs Globally over the next 20 yrs said a UN report released Thursday.

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The study “Working towards sustainable development: Opportunities for decent work and social inclusion in a green economy” was conducted by the International Labor Organization (ILO) and the United Nations Environment Program (UNEP).

The report said though some jobs would be lost during the transition period, it is possible to achieve a net gain of 0.5 to 2% of total global employment.

“We don’t have to choose between protecting the environment and creating jobs,” said ILO Director-General Juan Somavia.

At least 1.5-B people, or 50% of the Global workforce, will be affected by the transition to a Greener economy, the report said, adding that tens of millions of workers would be lifted out of poverty.

According to the study, the sectors expected to play a central role during the transition include agriculture, forestry, fishing, energy, resource-intensive manufacturing, recycling, building and transport.

The report also said the gains in employment are likely to be higher in emerging economies and developing countries,than in industrialized countries, because the former may leapfrog to Green technology rather than replace obsolete resource-intensive infrastructure.

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Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

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