Are green hopes too rosy? Employment and welfare impacts of renewable energy promotion

摘要: In view of pressing unemployment problems, policy makers across all parties jump on the prospects renewable energy promotion as a job creation engine which can boost economic well-being. Our analytical model shows that initial labor market rigidities in theory provide some scope for such double dividend. However, practical outcome might be sobering. computable general equilibrium analysis subsidized electricity production from sources (RES-E) Germany suggests employment and welfare gains are quite limited hinge crucially level subsidy rate financing mechanism. If RES-E subsidies financed by taxes, effects strictly negative broad range rates. The use an tax to fund generates minor benefits small rates but these quickly turn into significant losses exceeds threshold value.