Posts tagged Renewable

There have been many debates about the stimulus package and whether or not it will help. It turns out that the solar subsidies did create jobs. Unfortunately the majority of jobs where created overseas and solar manufacturing jobs were actually lost here in the the US.

Solar Subsidies Fail to Create Green Jobs, Again

Despite massive amounts of stimulus funding being spent on wind farms—nearly $2 billion—the vast majority (80%) of it has been spent on overseas companies. ABC contacted Russ Choma at the Investigative Reporting Workshop who suggested that the project has resulted in nearly 6,000 jobs for overseas manufacturers and only a few hundred over here.

To add insult to injury, ABC’s Jonathan Karl reports that “a recent report by American Wind Energy Association showed a drop in U.S. wind manufacturing jobs last year.” That’s right—even with a government-subsidized demand, wind manufacturing decreased.

As Foundry readers may remember, this not the first time that China has benefited from a country deciding to waste its money subsidizing the green projects. Derek Scissors reported back in August how Chinese companies were benefiting from Germany’s decision to heavily subsidize solar power.    –more