http://www.energycurrent.com/index.php?id=3&storyid=17258
A new study out of Spain states that for every “green” job created there were 2 “other” jobs cut. According to this study every “green” megawatt installed in Spain destroyed 5.39 jobs in non-energy sectors. The same study also states that for every job created only one of ten were permanent jobs. The temporary jobs created were construction, marketing, and project engineering. Permanent positions were limited to the maintenance of these renewable systems. The study states that if President Obama’s plan does go through the US could lose 6.6 million to 11 million jobs while it creates 3 million temporary jobs.
"Spain's experience (cited by President Obama as a model) reveals with high confidence, by two different methods, that the U.S. should expect a loss of at least 2.2 jobs on average, or about 9 jobs lost for every 4 created, to which we have to add those jobs that non-subsidized investments with the same resources would have created."
"As President Obama correctly remarked, Spain provides a reference for the establishment of government aid to renewable energy," the study notes. "No other country has given such broad support to the construction and production of electricity through renewable sources. The arguments for Spain's and Europe's 'green jobs' schemes are the same arguments now made in the U.S., principally that massive public support would produce large numbers of green jobs. The question that this paper answers is 'at what price?'"
The study also shows that since Spain has began the launch of the green jobs program, Spain’s annual emissions of carbon dioxide have increased by nearly 50%. *I have a hard time believing this.*
"The price of a comprehensive energy rate, paid by the end consumer in Spain, would have to be increased 31 percent to begin to repay the historic debt generated by this rate deficit mainly produced by the subsidies to renewables, according to Spain's energy regulator. Spanish citizens must therefore cope with either an increase of electricity rates or increased taxes (and public deficit), as will the U.S. if it follows Spain's model," the study found.
So, what are your thoughts on this study?