Transitioning to Renewable Energy
POLICY NOTE
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Part of the public skepticism towards the transition to renewable energy and implementing mitigation policies is caused by the fear of job losses.
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.