[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2019 [Article No.:] 76v2
Institute of Labor Economics (IZA), Bonn
Many industrial countries are pursuing so-called green energy policies, which typically imply the replacement of conventional fossil fuel power plants with renewable sources. Such a policy shift may affect employment in different ways. On the one hand, it could create new and additional “green jobs” in the renewables sector; on the other hand, it could crowd out employment in other sectors. An additional consideration is the potential increase in energy prices, which has the potential to stifle labor demand in energy-intensive sectors and reduce the purchasing power of private households.
employment energy policy renewable energy sources energy turnaround