Energy Security, Green Job Creation, and Youth Innovation

Abstract

Global energy demand is likely to increase by 45 percent by 2030. Climate change will threaten existing employment and necessitate new green jobs. Funding has gone towards such renewable energy technologies as wind and solar; such fuel economy options as second-generation hybrids, plug-in electrics, and fuel cell vehicles; increased appliance efficiency; and such water-efficient farming methods as drip irrigation. Youth innovation can play a powerful role in achieving sustainable development. Nobel Peace Prize winner Professor Muhammad Yunus has demonstrated how micro finance in the form of small loans can help poor people start or expand entrepreneurial endeavors. Government funded research has led to innovative ways to address climate change mitigation and adaptation. Companies are beginning to ramp up technologies to full-scale production and provide infrastructure that enables consumers to use new energy options. Governments are passing legislation that will facilitate carbon trading and offer tax benefits to purchasers of renewable energy and efficiency measures. Engaging youth in environmentally sound emerging sectors can promote international peace and security.

Keywords: Energy Security, Green Job Creation, Climate Change, Youth Innovation, Sustainable Development, Wind Power, Biofuels, Solar, Renewable Energy Investment, Efficiency, Carbon Trading, Tax Credits, Convention on the Rights of the Child, Environmental Law, Food, Intellectual Property, Technology, Tax

JEL Classification: Q4, J00, J1, K3, L9, O00, Q00, D1, D2, D4, D5, D6, D7, D8, D9, F02, F1, F3, F4, H1, H2, H4, H5, H7