Elisabetta Cappa from Sant'Anna Pisa University will present her latest paper, "Creating Jobs Out of the Green: The Employment Effects of the Energy Transition."

A rapid transition towards renewable energy sources is crucial to substantially reduce global emissions, which are the primary drivers of climate change. However, as new industries emerge and old ones decline, the decarbonisation of the energy sector is bound to have economy-wide implications.  Most importantly, the acceptability of this transition often faces resistance due to concerns about potential job-losses in the fossil-intensive sectors, while the employment potential of green energy technologies remains unclear.  To address this matter, we employ a novel geolocalized dataset of energy power units across four technologies and three decades, to examine the employment impacts of renewable energy deployment in four large European countries. Our findings suggest that renewable energy investments can serve as in important source of local stimulus and have the potential to reshape regional economies, especially in rural areas.

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