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

Francois Cohen, Victor Kahn and Guillaume Wald
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Victor Kahn: Mines Paris PSL
Guillaume Wald: Mines Paris PSL

No 2024/01, Working Papers from Institut d'Economia de Barcelona (IEB)

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 Efficiency; Green Jobs; Employment; Energy Transition; Subsidies; Certificates (search for similar items in EconPapers)
JEL-codes: H23 J21 Q43 Q48 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2024
New Economics Papers: this item is included in nep-ene, nep-env, nep-eur and nep-lma
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