****a post I rescued from the great Google cache *****
Subsidizing green energy in Spain has destroyed 2.2 jobs per every green job they created. Via 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.
It’s scary. Stabenow, Granholm and Obama are continuously touting ‘Green Jobs’ and the new inflationary government spending is going to be this miraculous job creating machine. In reality it dosn’t work. Not in Denmark. Not in Spain. Not in England. So, why are so many in the United States conviced it’s going to work here? More evidince Via Planet Gore:
- The study calculates that since 2000, Spain spent €571,138 to create each “green job,” including subsidies of more than €1 million per wind-industry job.
- Each “green” megawatt installed destroys 5.39 jobs on average elsewhere in the economy: 8.99 by photovoltaics, 4.32 by wind energy, 5.84 by mini-hydro.
In case you are wondering. 571,138 EUR converts to $759, 899 per green job and 1 million EUR converts to $ 1.33 million USD per wind industry job.
All to fix a non problem.
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