Transitioning to Renewable Energy

March 1, 2012

Brief — Part of the public skepticism towards the transition to renewable energy and implementing mitigation policies is caused by the fear of job losses.

Authors: Willi Semmler and Christian Schoder

As studies have shown, however, this fear is unjustified. Public investment and public support of private investments in renewable energy is likely to generate high-skilled jobs, and a tax on carbon-intensive industries may have positive employment effects if high carbon-intensive sectors are reduced and low carbon-intensive industries and renewable energy are promoted at the same time. 

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