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Towards a Greener Economy

The Social Dimensions

By International Labor Office
towardsagreenereconomy

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.

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