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

Author

Listed:
  • François Cohen

    (UB Department of Economics, Energy Sustainability Chair & IEB)

  • Victor Kahn

    (Mines Paris PSL)

  • Guillaume Wald

    (Mines Paris PSL)

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.

Suggested Citation

  • François Cohen & Victor Kahn & Guillaume Wald, 2024. "Making Jobs Out of the Energy Transition: Evidence from the French Energy Efficiency Obligations Scheme," Working Papers 2024/01, Institut d'Economia de Barcelona (IEB).
    • Handle: RePEc:ieb:wpaper:doc2024-01
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    File URL: https://ieb.ub.edu/ca/publication/2024-01-issue-brief-making-jobs-out-of-the-energy-transition-evidence-from-the-french-energy-efficiency-obligations-scheme/
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    More about this item

    Keywords

    Energy Efficiency; Green Jobs; Employment; Energy Transition; Subsidies; Certificates;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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