Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 52 , 01 December 2023
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Access | Article
An Empirical Study on Environmental Policies on Unemployment in Selected States in the United States
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Abstract
In the recent years, numerous environmental policies aiming at deterring environmentally hazardous actions have been put in place as a result of the increased concern for environmental quality in the United States. The unemployment rate is impacted by these regulations, which encourage environmental conservation. In addition, given structural unemployment, it is crucial to provide a just transition, providing employees and communities impacted by the move to a more sustainable economy with adaquate support. Policymakers and stakeholders must be aware of how environmental levies, in particular cap and trade, affect unemployment in order to weigh potential trade-offs and create mitigation plans for unfavorable effects. This research paper aims to investigate the relationship between cap and trade policies and unemployment rates. The literature review will encompass both environmental and economic perspectives to support the claims and discussions. Regression analysis and hypothesis testing are applied to set up relationships between cap and trade and unemployment rate. The findings may be used to draw conclusions and have interaction in discussions, dropping light on the complicated relationship among environmental policies and employment dynamics. In the long run, this study aims to provide insights for knowledgeable decision-making in crafting effective and equitable environmental policies that promote sustainable monetary growth while supporting workers and communities via the transition to a greener future.
Keywords
cap and trade, unemployment rate, greenhouse gas emission, structural unemployment
References
1. Stavins, R. N. (2008). Addressing climate change with a comprehensive US cap-and-trade system. Oxford Review of Economic Policy, 24(2), 298–321.
2. Shafik, N. (1994). Economic Development and Environmental Quality: An Econometric Analysis. Oxford Economic Papers, 46, 757–773.
3. Butler, A. D. (1967). Identifying Structural Unemployment. Industrial and Labor Relations Review, 20(3), 441–444.
4. Valletta, R., and Kuang, K. (2010). Is Structural Unemployment on the Rise?. FRBSF Economic Letter, 34(8).
5. Horne, M. (2008). The Basics of Cap and Trade. In Cap and Trade: Reducing Pollution, Inspiring Innovation (pp. 1–4). Pembina Institute.
6. Blum, J. D., Damsgaard, A., and Sullivan, P. R. (1980). Cost-Benefit Analysis. Proceedings of the Academy of Political Science, 33(4), 137–147.
7. OECD. (2017). Employment Implications of Green Growth: Linking jobs, growth and green policies. Retrieved from https://www.oecd.org/environment/Employment-Implications-of-Green-Growth-OECD-Report-G7-Environment-Ministers.pdf?v=1602771675.
8. Environmental Protection Agency. (2023). Overview of Greenhouse Gases. EPA.Retreved from https://www.epa.gov/ghgemissions/overview-greenhouse-gases
9. Marin, G., and Vona, F. (2019). Climate policies and skill-biased employment dynamics: Evidence from EU countries. Journal of Environmental Economics and Management, 98, 102253
10. Petrosky-Nadeau, N., and Valletta, R. G. (2020). An unemployment crisis after the onset of COVID-19. FRBSF Economic Letter, 12, 1-5.
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-151-3
- ISBN (Online)
- 978-1-83558-152-0
- Published Date
- 01 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/52/20230705
- Copyright
- 01 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited