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Sustainability: The economy and labor market benefit from climate regulations

2022-03-18T06:19:58.259Z


Climate policy is expensive and primarily costs prosperity – this is the frequently expressed concern. That's not true, the researchers at the Institute for Labor Market and Vocational Research found out. On the contrary.


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Demonstration for bolder reforms: benefit the economy and the labor market

Photo: Stefan Boness/Ipon / imago images/IPON

According to a study, the projects of the traffic light coalition for climate protection and social housing are boosting the economy and creating many new jobs.

Accordingly, the gross domestic product (GDP) in 2030 will be around 1.2 percent higher than without these measures.

In addition, around 400,000 additional employees will be needed from 2025, according to calculations by the Nuremberg Institute for Labor Market and Occupational Research (IAB).

For the study, the experts simulated and compared two scenarios on the basis of model calculations: a scenario without a coalition agreement and one with climate protection and housing construction measures.

These include increasing the share of e-cars and hydrogen production, building an additional 100,000 apartments per year, abolishing the EEG surcharge, increasing the share of renewable energies in the electricity mix, expanding organic farming and replacing gas heating.

"The results show that the measures will generate positive economic momentum up to 2030," write the authors.

There were also positive effects on the labor market.

"The change in climate policy is possible without losing jobs overall," said IAB economist Enzo Weber.

However, a possible shortage of skilled workers could make it more difficult to implement the ambitious goals, the researchers point out.

There are already bottlenecks in many key areas such as construction, trade and energy technology.

"Securing skilled workers is therefore central to climate policy," emphasized Weber.

»This takes on additional significance in view of the particular urgency of replacing fossil fuels as a result of the Ukraine war.«

mik/dpa-AFX

Source: spiegel

All business articles on 2022-03-18

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