In order to mitigate the crisis, the ILO in their “World Employment and Social Outlook 2018: Greening with Jobs” report published on Tuesday suggests the most effective method would be to adopt a greener economy that would create some 14 million jobs in Asia and the Pacific. Bangladesh, as an emerging economy, can take the opportunity to create more jobs by ensuring a proper policy for the green economy. Composting all the organic waste in Dhaka could create new jobs for 16,000 people from lower socio-economic backgrounds, the report cited. The global net job creation as countries make the transition to green economies would amount to 24 million jobs: 14 million in Asia and the Pacific, 3 million in the Americas, and 2 million in Europe, the report said. Globally, 2.5 million jobs will be created in renewables-based electricity, offsetting some 400,000 jobs lost in fossil fuel-based electricity generation, while 6 million jobs can be created by transitioning towards a ‘circular economy’ which includes activities like recycling, repair, rent, and remanufacture - replacing the traditional economic model of “extracting, making, using, and disposing”.

Source: Dhaka Tribune May 15, 2018 16:41 UTC