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Did the 2022 global energy crisis accelerate the diffusion of low-carbon technologies?

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dc.contributor.authorBastos, Paulo
dc.contributor.authorGreenspon, Jacob
dc.contributor.authorStapleton, Katherine
dc.contributor.authorTaglioni, Daria
dc.date.accessioned2024-05-20T16:29:37Z
dc.date.available2024-05-20T16:29:37Z
dc.date.issued2024-05-20
dc.description.abstractThis paper develops measures of the diffusion of a comprehensive range of low-carbon technologies in 35 countries from 2019 to 2022 using text analysis of job postings and earnings calls transcripts. It documents a rapid acceleration in the diffusion of low-carbon technologies in 2022, driven by technologies related to renewable energy, vehicles, thermal performance, and electrical generation and storage. Rapid growth occurred in three quarters of the countries studied and 228 of 300 subnational regions, although was fastest in Europe. Hiring for roles related to low-carbon technologies in these 35 countries doubled between 2019 and the end of 2022, for example. It studies the role of the global energy crisis in triggering this accelerated technology diffusion, focusing on 16 mainly advanced economies. It finds that establishments in countries that had a higher pre-crisis dependence on imports of natural gas, and were thus more exposed to the price shock, differentially increased hiring for low-carbon technology related roles from March 2022 onwards. Within more exposed countries, establishments with a higher pre-crisis energy intensity also saw a differential increase in hiring relative to less energy intensive ones.en
dc.identifierhttp://documents.worldbank.org/curated/en/099317105202458024/IDU1ef55d686171ac14f7a18da017eefda316dbf
dc.identifier.doi10.1596/1813-9450-10777
dc.identifier.urihttps://hdl.handle.net/10986/41567
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 10777
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectTECHNOLOGY DIFFUSION
dc.subjectLOW-CARBON TRANSITION
dc.subjectCLEAN ENERGY
dc.subjectGLOBAL ENERGY CRISIS
dc.subjectJOB POSTINGS
dc.subjectENERGY PRICES
dc.subjectRUSSIA-UKRAINE WAR
dc.subjectAFFORDABLE AND CLEAN ENERGY
dc.subjectSDG 7
dc.subjectDECENT WORK AND ECONOMIC GROWTH
dc.subjectSDG 8
dc.titleDid the 2022 global energy crisis accelerate the diffusion of low-carbon technologies?en
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleDid the 2022 global energy crisis accelerate the diffusion of low-carbon technologies?
okr.date.disclosure2024-05-20
okr.date.lastmodified2024-05-20T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099317105202458024/IDU1ef55d686171ac14f7a18da017eefda316dbf
okr.guid099317105202458024
okr.identifier.docmidIDU-ef55d686-71ac-4f7a-8da0-7eefda316dbf
okr.identifier.doi10.1596/1813-9450-10777
okr.identifier.doihttps://doi.org/10.1596/1813-9450-10777
okr.identifier.externaldocumentum34321358
okr.identifier.internaldocumentum34321358
okr.identifier.reportWPS10777
okr.import.id4197
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099317105202458024/pdf/IDU1ef55d686171ac14f7a18da017eefda316dbf.pdfen
okr.region.geographicalWorld
okr.topicEnvironment::Adaptation to Climate Change
okr.topicEnvironment::Carbon Policy and Trading
okr.topicEnvironment::Climate Change Impacts
okr.topicEnvironment::Environmental Economics & Policies
okr.topicScience and Technology Development::Technology Innovation
okr.topicInternational Economics and Trade::Globalization and Financial Integration
okr.unitDECRG: Trade & Intl. Integration (DECTI)
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relation.isAuthorOfPublication.latestForDiscoveryef13906b-18b9-5962-8425-18d99f82c093
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
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