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Crisis Breeds Innovation : The 2022 Energy Crisis and Green Technology Adoption

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  • Bastos, Paulo
  • Greenspon, Jacob
  • Stapleton, Katherine
  • Taglioni, Daria

Abstract

This paper studies how the 2022 energy crisis, which triggered the largest energy price shock since the 1970s, affected the diffusion of green technologies. It uses a dataset of online job postings in 16 countries to construct measures of green technology-related job openings, using these as a proxy for green technology adoption. It documents the significant growth in green-technology-related openings in 2022. It shows that establishments that had a higher exposure to the price shock, due to their pre-crisis energy intensity and location in countries with a greater dependence on natural gas imports, posted more green technology-related openings from March 2022.

Suggested Citation

  • Bastos, Paulo & Greenspon, Jacob & Stapleton, Katherine & Taglioni, Daria, 2024. "Crisis Breeds Innovation : The 2022 Energy Crisis and Green Technology Adoption," Policy Research Working Paper Series 10777, The World Bank.
    • Handle: RePEc:wbk:wbrwps:10777
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    References listed on IDEAS

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    2. Mellot, Adrien & Moretti, Christian & Nuñez-Jimenez, Alejandro & Linder, Jan & Moro, Niccolò & Powell, Siobhan & Markard, Jochen & Winzer, Christian & Patt, Anthony, 2025. "Electrification, flexibility or both? Emerging trends in European energy policy," Energy Policy, Elsevier, vol. 206(C).

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