Future Scenarios for a Low Carbon Economy Workshop

Tuesday, 02 February 2010
Charles Levy
Category: Knowledge Economy
This is certainly the topic of the moment. Optimism surrounds the potential for green jobs, or activities which derive their demand from our desire to cut emissions of carbon dioxide, to lead us out of recession. But, with the volume of thought and published material on the topic, confusion, contradiction and uncertainty are prevalent.
As part of our wider research on the shape and nature of the 2020 Knowledge Economy, today’s workshop brought together 30 policy makers and those engaged in delivering low carbon activities to discuss the topic. We structured our thinking around three scenarios – focusing on the creation of jobs using and installing low carbon technologies, using manufacturing expertise to lead growth, and the creation of new employment by developing service sector offerings related to this agenda.
A clear theme emerged this morning relating to the risks associated with the development of these activities without further state intervention. Unlike other industries where we can project forwards based on history, common drivers of change and well understood demand, this knowledge is absent for new low carbon activities. So, without a strong long term framework for investment, risks dominate decisions about investments in new low carbon technologies, skills and infrastructure.
The Work Foundation’s approach to the Low Carbon Economy project is to identify what the most desirable and realistic aspects of these activities are likely to be, and to explore how these can be best supported by public policy and leadership. We will be publishing on this topic later this year.