Green Stimulus in a Post-pandemic Recovery: the Role of Skills for a Resilient Recovery

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 gr...

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Veröffentlicht in:Environmental & resource economics 2020, Vol.76 (4), p.901-911
Hauptverfasser: Chen, Ziqiao, Marin, Giovanni, Popp, David, Vona, Francesco
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creator Chen, Ziqiao
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Popp, David
Vona, Francesco
description 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.
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subjects American Recovery & Reinvestment Act 2009-US
Clean energy
Coronaviruses
COVID-19
Economic conditions
Economic Policy
Economics
Economics and Finance
Employment
Environmental Economics
Environmental Law/Policy/Ecojustice
Environmental Management
Environmental studies
Green economy
Humanities and Social Sciences
Investments
Job losses
Job training
Occupations
Pandemics
Recovery
Skills
Stimulus
Workers
title Green Stimulus in a Post-pandemic Recovery: the Role of Skills for a Resilient Recovery
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