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cc-by-nc-nd, (c) Wald et al., 2024
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/209600

Making Jobs Out of the Energy Transition: Evidence from the French Energy Efficiency Obligations Scheme

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Vast amounts are being invested in the energy transition worldwide, with optimistic expectations of economic growth and green job creation. Yet, we crucially lack ex-post validations of the multiplier effects widely used to quantify new green jobs. Focusing on the French Energy Efficiency Obligations scheme, this paper provides the first ex-post estimate of the employment effect of a large energy-retrofit investment program. We exploit a discontinuity in the provision of subsidies and use a novel synthetic control method on disaggregated data to estimate regional-level employment effects. We estimate that the scheme created 1.4 jobs per million euros invested.

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WALD, Guillaume, COHEN, François and KAHN, Victor. Making Jobs Out of the Energy Transition: Evidence from the French Energy Efficiency  Obligations Scheme. IEB Working Paper 2024/01. [consulted: 14 of June of 2026]. Available at: https://hdl.handle.net/2445/209600

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