Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Economic impacts of the energy transition Location: Auditorium J: Aina Uhde Session Chair: Qingxin He, East Carolina University | |
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Making jobs out of the energy transition: Evidence from the French Energy Efficiency Obligations scheme 1: Mines Paris - PSL, France; 2: Universidad de Barcelona Vast amounts are being invested in the energy transition worldwide, with optimistic expectations of economic growth and green job creation. Yet, we crucially lack expost 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 1.5 jobs per million euros invested, mostly in a permanent position within micro enterprises. Hourly wages remained unaffected, suggesting that additional investments are captured by higher margins. | |