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The long-term effect of renewable electricity on employment in the United Kingdom

Arvanitopoulos, T; Agnolucci, P; (2020) The long-term effect of renewable electricity on employment in the United Kingdom. Renewable and Sustainable Energy Reviews , 134 , Article 110322. 10.1016/j.rser.2020.110322. Green open access

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Abstract

Assessment of the employment impact of renewable electricity technologies is generally implemented through either complex and data-intensive methods (such as Computable General Equilibrium models) or simplistic approaches, normally focused on specific energy generation technologies, such as employment factors. In contrast, this article proposes a transparent and easily reproducible econometric methodology based on the Vector Error Correction model that uses aggregated and widely available data. The model is applied to the power generation sector in the United Kingdom using annual data from 1990 onwards and provides evidence that the long-term employment impact of renewable technologies is much higher than the impact arising from deploying nuclear or natural gas technologies. The impulse response function analysis indicates that a permanent 1 Gigawatt-hours increase in annual electricity supply generated by renewable technologies creates 3.5 jobs in the long-term period. Finally, this study derives the implications of the findings in the context of decarbonisation scenarios for the power sector in the United Kingdom and assesses the extent to which decarbonisation pathways based on renewable electricity contribute to stimulating employment in the generation sector.

Type: Article
Title: The long-term effect of renewable electricity on employment in the United Kingdom
Open access status: An open access version is available from UCL Discovery
DOI: 10.1016/j.rser.2020.110322
Publisher version: http://dx.doi.org/10.1016/j.rser.2020.110322
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: Employment effect, Electricity supply, Renewable electricity, Cointegration, Impulse responses, Decarbonisation scenarios
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Bartlett School Env, Energy and Resources
URI: https://discovery.ucl.ac.uk/id/eprint/10112216
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