The report argues that the impact of a transition towards a greener economy on labour markets will extend far beyond the creation of new green jobs, such as those related to renewable energy. This transition will create new opportunities for workers, but also new risks. The challenge for labour market and skill policies is to maximise the benefits for workers and help assure a fair sharing of adjustment costs, while also supporting broader green growth policies (e.g. by minimising skill bottlenecks).
This new OECD report also looks at the need to re-allocate workers from declining brown industries to growing green ones and demands serious reforms of the tax and benefit systems for workers.