In reaction to the 2008 global financial crisis, the European Commission and the ILO combined efforts to examine policies that will lead not only to a quicker recovery but also to a more sustainable, environmentally friendly, and equitable global economy. This report aims to promote a clearer understanding of the nature of the green economy and its implications for labor markets, especially the reallocation of jobs from high- to lowpolluting sectors.
The report demonstrates that a double dividend in terms of increased decent work opportunities and a greener economy is possible, provided that complementarities among environmental, economic, and social policies are adequately exploited. It discusses the green policy measures that EU countries are currently undertaking, with a view to identifying any gaps in the policy mix. It also presents model estimates on the likely transmission mechanisms arising from these measures.