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Decarbonisation and Labour Markets
- The effect of subsidizing green employment may be estimated from US experience: green subsidies are more effective in regions with the appropriate green skills.
- The European Green Deal should make significant provision for retraining, taking account of the nature of workers’ existing skills, and the distribution of green industries across EU countries.
- Increases in energy prices may have large effects on employment in individual firms, but less effect for the economy as a whole.
- Increases in energy prices tend to favour employees with technical skills rather than manual workers.