Deployment of renewable energy can provide enormous benefits for local populations and economies, creating value for both the natural environment and society. This is especially true when compared to fossil energy sources and the traditional use of biomass. Research on the impacts of renewables emphasises their multiple socio-economic benefits, far beyond their potential to mitigate climate change. Deployment of renewables creates employment opportunities and contributes to growth in gross domestic product. The energy transition is projected to result in a global net gain in employment, with more jobs created by ramping up renewable capacity than lost by phasing out fossil energy.

Increasing auctioning revenues from the EU ETS, the EU's carbon market, provides a great opportunity to fund the green transition and help the EU achieve its ambitious climate targets. Evidence has shown that carbon taxes are often directly passed on to consumers especially when it comes to transport and heating fuels. As people’s living costs will surely increase as a result of carbon taxation, it is crucial they will get something in return. Otherwise, green policies in Europe can be severely undermined. Carbon dividend serves as a great policy tool to protect vulnerable households while being a fair, practical and an “elegant solution in its simplicity, transparent in its accessibility to public scrutiny and clear in its signals and benefits.” This research study showed that significant revenues from the Union's carbon market will be generated because of the increasing EUA price. The proposed scheme of returning at least 40% of auctioning proceeds to households would assure that most vulnerable families are protected from increasing prices related to carbon taxation while incentivizing low-carbon investment.

In April 2021, after a contentious process, the Czech government presented a new version of its draft Recovery and Resilience Plan (RRP), with significant changes relative to previously released drafts. Throughout the process, civil society actors have criticized the lack of opportunities for effective participation. Overall, we find that the measures included in the draft plan, which should go hand in hand with Czechia's overarching climate policy, with investments of €7bn, equaling 3.3% of Czechia’s GDP (2020), can make a positive contribution to the green transition, though there are several specific shortfalls.