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Job creation and economic impact of renewable energy in the Netherlands

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  • Bulavskaya, Tatyana
  • Reynès, Frédéric

Abstract

This study evaluates the economic impact of a shift towards renewable electricity mix in the Netherlands using the neo-Keynesian CGEM ThreeME (Multi-sector Macroeconomic Model for the Evaluation of Environmental and Energy policy). This scenario has been inspired by the Urgenda's report ‘Energy 100% Sustainable in the Netherlands by 2030’, which have been quantified using the Energy Transition Model (ETM) developed by Quintel. Using the output of the ETM regarding the change in the electricity generation shares as input in ThreeME, we derive the impact in terms of key economic variables (GDP, employment, investment, value-added, prices, trade, tax revenue, etc.). We find that transition to renewable energy may have a positive impact on the Dutch economy, creating almost 50 000 new jobs by 2030 and adding almost 1% of gross domestic product.

Suggested Citation

  • Bulavskaya, Tatyana & Reynès, Frédéric, 2018. "Job creation and economic impact of renewable energy in the Netherlands," Renewable Energy, Elsevier, vol. 119(C), pages 528-538.
    • Handle: RePEc:eee:renene:v:119:y:2018:i:c:p:528-538
    DOI: 10.1016/j.renene.2017.09.039
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    References listed on IDEAS

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    1. Gaël Callonnec & Gissela Landa Rivera & Paul Malliet & Aurélien Saussay & Frédéric Reynès, 2016. "Les propriétés dynamiques et de long terme du modèle ThreeME. Un cahier de variantes," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(5), pages 47-99.
    2. Landa Rivera, Gissela & Reynès, Frédéric & Islas Cortes, Ivan & Bellocq, François-Xavier & Grazi, Fabio, 2016. "Towards a low carbon growth in Mexico: Is a double dividend possible? A dynamic general equilibrium assessment," Energy Policy, Elsevier, vol. 96(C), pages 314-327.
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    6. Reynès Frédéric G. & Paul Malliet, 2017. "Assessing Low Carbon and Resilient Growth in Indonesia: An application of the ThreeME model," Working Papers hal-01708487, HAL.
    7. Jean Château & Rob Dellink & Elisa Lanzi, 2014. "An Overview of the OECD ENV-Linkages Model: Version 3," OECD Environment Working Papers 65, OECD Publishing.
    8. Frédéric Reynès, 2011. "The cobb-douglas function as an approximation of other functions," Working Papers hal-01069515, HAL.
    9. Christian Lutz & Bernd Meyer & Marc Ingo Wolter, 2010. "The global multisector/multicountry 3-E model GINFORS. A description of the model and a baseline forecast for global energy demand and CO 2 emissions," International Journal of Global Environmental Issues, Inderscience Enterprises Ltd, vol. 10(1/2), pages 25-45.
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    More about this item

    Keywords

    Energy transition; Climate policy; Energy-economy modeling; Netherlands;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • E47 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Forecasting and Simulation: Models and Applications
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models

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