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Spain's experience with "Green Jobs"

Published:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2PHwqAs7BS0
Job Losses From Obama Green Stimulus Foreseen in Spanish Study

By Gianluca Baratti
March 27, 2009 (Bloomberg) -- Subsidizing renewable energy in the U.S. may destroy two jobs for every one created if Spain’s experience with windmills and solar farms is any guide.

For every new position that depends on energy price supports, at least 2.2 jobs in other industries will disappear, according to a study from King Juan Carlos University in Madrid.

U.S. President Barack Obama’s 2010 budget proposal contains about $20 billion in tax incentives for clean-energy programs. In Spain, where wind turbines provided 11 percent of power demand last year, generators earn rates as much as 11 times more for renewable energy compared with burning fossil fuels.

The premiums paid for solar, biomass, wave and wind power - - which are charged to consumers in their bills -- translated into a $774,000 cost for each Spanish “green job” created since 2000, said Gabriel Calzada, an economics professor at the university and author of the report.

“The loss of jobs could be greater if you account for the amount of lost industry that moves out of the country due to higher energy prices,” he said in an interview.

Spain’s Acerinox SA, the nation’s largest stainless-steel producer, blamed domestic energy costs for deciding to expand in South Africa and the U.S., according to the study.

“Microsoft and Google moved their servers up to the Canadian border because they benefited from cheaper energy there,” said the professor of applied environmental economics.

Well, can't blame them for not putting this all over the mass media when such important matters like celeb deaths need to be reported 24/7. Roll Eyes

Entry #304

Comments

1.
jarasanComment by jarasan - October 16, 2009, 5:24 pm
Don't forget balloon boy.
2.
Rick GComment by Rick G - October 16, 2009, 9:43 pm
This is all about the demolition of Uncle Sam's house. They're using a wrecking ball with the word 'DEBT' scrawled on it. The weakened house should fall easily.
3.
konaneComment by konane - October 17, 2009, 8:59 am
Have to agree with Rick, the wrecking crew arrived in January with a D-9 Caterpillar, wrecking ball, mining truck to haul away the spoils.

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