Do renewable energy investments create local jobs? Articles uri icon

publication date

  • November 2024

volume

  • 239

International Standard Serial Number (ISSN)

  • 0047-2727

Electronic International Standard Serial Number (EISSN)

  • 1879-2316

abstract

  • Globally, renewable energy projects often face local opposition despite the potential for job creation. Analyzing data from over 3,900 Spanish municipalities (2017¿2021), we find that new jobs frequently do not remain in the host communities. Solar projects show stronger employment and unemployment multipliers compared to wind, reflecting differing task and skill requirements. Beyond the labor market impacts, residents benefit from the investments through greater public spending and increased per capita income. However, these effects are modest, particularly in the case of small to medium-sized plants.

keywords

  • employment; nimby; renewable energy; spatial effects; unemployment