Green jobs myth

"The central finding of the study is that -- treating the data optimistically -- for every renewable-energy job that the government finances, "Spain's experience 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."
Despite expensive and extensive green-job policies, a surprisingly low number of jobs were created. And about two-thirds of those "green" jobs were just to set up the energy source, in construction, fabrication, installation, marketing and administration. Only 10 percent of the green jobs created were permanent jobs actually operating and maintaining the renewable sources of energy."

Each wind industry job created in Spain required a subsidy of about $1.4 million. Overall, the average subsidy cost for each green job was about $800,000 (571,138 euros). And to create about 50,000 green jobs, Spain lost 110,000 jobs elsewhere in the economy, principally in metallurgy, nonmetallic mining and food processing and in the beverage and tobacco industries.
Each green megawatt brought on line destroyed 5.28 jobs elsewhere in the economy (8.99 by photovoltaics, 4.27 by wind energy and 5.05 by mini-hydropower). The total higher energy cost -- the higher cost of renewable energy over the market price of carbon-based energy -- between 2000 and 2008 was about $10 billion. Moreover, the report concluded, "These costs do not appear to be unique to Spain's approach but instead are largely inherent in schemes to promote renewable energy sources."


http://www.realclearpolitics.com/articles/2009/05/27/economic_reality_of_5_million_green_jobs_96680.html