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Investigating the Relationship between Green Transition and Socio-Economic Dimensions ? a Way to ? Sustainable Future

Author

Listed:
  • Stefan Raychev

    (University of Plovdiv Paisii Hilendarski)

  • Dobrinka Stoyanova

    (University of Plovdiv Paisii Hilendarski)

  • Blaga Madzhurova

    (University of Plovdiv Paisii Hilendarski)

Abstract

The complex relationship between green transition and socio-economic factors implies a detailed and comprehensive analysis of the interdependencies between the indicators. The employment and unemployment variables will be particularly affected. Amounting research shows that the transformation to "green" jobs, if not supported by adequate policies, will put the labour market at risk. On the one hand, the need for new skills means higher public costs, and on the other hand, the drive to reduce carbon emissions, if not accompanied by unemployment control, will also put economic growth at risk. This implies a gradual transformation of the countries, which in turn requires updated social and fiscal pacts. Such countries must be adapted to the future, must tackle modern risk structure, must ensure the expansion of the scope of rights and urgently face the challenges of low productivity, social vulnerability and inequality, institutional weakness and technological and climate change.

Suggested Citation

  • Stefan Raychev & Dobrinka Stoyanova & Blaga Madzhurova, 0000. "Investigating the Relationship between Green Transition and Socio-Economic Dimensions ? a Way to ? Sustainable Future," Proceedings of Economics and Finance Conferences 14115973, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:14115973
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    File URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=017&rid=15973
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    More about this item

    Keywords

    Green transition; Labour market; Social-economic dimension; Unemployment; Growth; CO2 emissions;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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