The Green Transition and the Italian labour market

Gaetano Basso, Fabrizio Colonna (), Domenico Depalo and Graziella Mendicino ()
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Fabrizio Colonna: Bank of Italy
Graziella Mendicino: Bank of Italy

No 811, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: The paper discusses the role of labour in the transition to a net zero economy and provides an analysis for Italy over the period 2011-2021. First, we observe that the emissions generated from production activities declined over this period. We estimate that the contribution of employment reallocation across sectors was modest, while that of sectoral efficiency – particularly the shift in the energy mix towards cleaner sources – was decisive. Second, we show that the share of employment in the environmental goods and services sector was small in 2020 and has remained broadly stable since 2014. Our results suggest that, so far, labour has not played a prominent role in the green transition. However, this trend could change in the near future, as CO2 emission reduction targets take on an increasingly key role in production activities.

Keywords: labour demand; green economy; ecological transition; public investments (search for similar items in EconPapers)
JEL-codes: H54 J23 Q52 Q56 (search for similar items in EconPapers)
Date: 2023-10
New Economics Papers: this item is included in nep-eec, nep-ene, nep-env and nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_811_23

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