TY - JOUR
T1 - Green Stimulus in a Post-pandemic Recovery
T2 - the Role of Skills for a Resilient Recovery
AU - Chen, Ziqiao
AU - Marin, Giovanni
AU - Popp, David
AU - Vona, Francesco
N1 - Funding Information:
This project has been supported in part through the Smart Prosperity Institute Research Network and its Greening Growth Partnership, which is supported by a Social Sciences and Humanities Research Council of Canada Partnership Grant (No. 895-2017-1018), as well as by Environment and Climate Change Canada’s Economics and Environmental Policy Research Network (EEPRN). This work was also supported by Horizon 2020 Framework Programme, project INNOPATHS [Grant number 730403].
Publisher Copyright:
© 2020, Springer Nature B.V.
PY - 2020/8/1
Y1 - 2020/8/1
N2 - As nations struggle to restart their economy after COVID-19 lockdowns, calls to include green investments in a pandemic-related stimulus are growing. Yet little research provides evidence of the effectiveness of a green stimulus. We begin by summarizing recent research on the effectiveness of the green portion of the 2009 American Recovery and Reinvestment Act on employment growth. Green investments are most effective in communities whose workers have the appropriate “green” skills. We then provide new evidence on the skills requirements of both green and brown occupations, as well as from occupations at risk of job losses due to COVID-19, to illustrate which workers are most likely to benefit from a pandemic-related green stimulus. We find similarities between some energy sector workers and green jobs, but a poor match between green jobs and occupations at risk due to COVID-19. Finally, we provide suggestive evidence on the potential for job training programs to help ease the transition to a green economy.
AB - As nations struggle to restart their economy after COVID-19 lockdowns, calls to include green investments in a pandemic-related stimulus are growing. Yet little research provides evidence of the effectiveness of a green stimulus. We begin by summarizing recent research on the effectiveness of the green portion of the 2009 American Recovery and Reinvestment Act on employment growth. Green investments are most effective in communities whose workers have the appropriate “green” skills. We then provide new evidence on the skills requirements of both green and brown occupations, as well as from occupations at risk of job losses due to COVID-19, to illustrate which workers are most likely to benefit from a pandemic-related green stimulus. We find similarities between some energy sector workers and green jobs, but a poor match between green jobs and occupations at risk due to COVID-19. Finally, we provide suggestive evidence on the potential for job training programs to help ease the transition to a green economy.
KW - American Recovery and Reinvestment Act
KW - Distributional impacts
KW - Green stimulus
KW - Green subsides
KW - Heterogeneous effect
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U2 - 10.1007/s10640-020-00464-7
DO - 10.1007/s10640-020-00464-7
M3 - Article
AN - SCOPUS:85088979608
SN - 0924-6460
VL - 76
SP - 901
EP - 911
JO - Environmental and Resource Economics
JF - Environmental and Resource Economics
IS - 4
ER -