Making Jobs Out of the Energy Transition: Evidence from the French Energy Efficiency Obligations Scheme

Guillaume Wald (), Francois Cohen and Victor Kahn ()
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Guillaume Wald: Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres
Victor Kahn: Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres

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Abstract: Vast amounts are being invested in the energy transition worldwide, with optimistic expectations of economic growth and green job creation. Yet, we crucially lack ex-post validations of the multiplier effects widely used to quantify new green jobs. Focusing on the French Energy Efficiency Obligations scheme, this paper provides the first ex-post estimate of the employment effect of a large energy-retrofit investment program. We exploit a discontinuity in the provision of subsidies and use a novel synthetic control method on disaggregated data to estimate regional-level employment effects. We estimate that the scheme created 1.4 jobs per million euros invested.

Keywords: Energy transition; Subsidies; Job creation; J21 H23 Q43 Q48 Energy Efficiency Green Jobs Employment Energy Transition Subsidies Certificates; J21; H23; Q43; Q48 Energy Efficiency; Green Jobs; Employment; Energy Transition; Certificates (search for similar items in EconPapers)
Date: 2024-02-01
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Working Paper: Making Jobs Out of the Energy Transition: Evidence from the French Energy Efficiency Obligations Scheme (2024)
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