...um, for triple the original estimated cost, and without replacing those jobs lost by eliminating coal...
Does Green Energy Add 5 Million Jobs? Potent Pitch, but Numbers Are Squishy
NOVEMBER 7, 2008
http://online.wsj.com/article/SB122601449992806743.html
...course, maybe, just maybe since the government has started making a habit out of bailing out industries that can't stay afloat...they should consider throwing a few trillion at this "Go Green" idea to see if they can keep it from sinking.President-elect Barack Obama and his energy advisers have been making the case that a multibillion-dollar government investment in everything from wind turbines to a "smart" electrical grid is just what's needed to help revive the economy. The lure is millions of government-subsidized "green jobs."
On the campaign trail, Mr. Obama argued that spending $150 billion over the next decade to boost energy efficiency would help create five million jobs. The jobs would include insulation installers, to make houses more energy-efficient, wind-turbine builders, to displace coal-fired electricity, and construction workers, to build greener buildings and upgrade the electrical grid.
The numbers are debated by the Obama advisers themselves, and are likely to spark debate when Congress considers a stimulus package including green jobs. But a big government push, focused on jobs, may represent the best chance in years for renewable energy and energy efficiency to take root in the U.S., a voracious energy consumer.
Critics say analyzing only new green jobs misses half the story.
"It's not looking at the other side of the coin: You are spending more money for your energy," says Anne Smith, a vice president at CRA International. The consulting firm wrote a report for the coal-mining industry in April that concluded that, under a bill to cap global-warming emissions, gains in green jobs would be "more than offset" by job losses elsewhere in the economy. That bill failed, but Mr. Obama has said he supports capping emissions.
The job creation number cited by Mr. Obama has its roots in several green-jobs studies. Each projected different numbers, because each made different assumptions -- for instance, about the number of additional jobs that would be created by the spending of every person directly employed in a green job.
Robert Pollin, a professor at the University of Massachusetts, Amherst, who co-wrote another study, questions the job target touted by the Obama campaign, saying it would cost much more.
Mr. Pollin's study, sponsored by the Center for American Progress, came out in September, after green jobs had become a theme on the presidential campaign trail. It said that $100 billion spent over two years could produce two million green jobs.
Even Mr. Pollin's study assessed only the number of jobs that might be added if the government spent more money on clean energy. It didn't count jobs that might be lost elsewhere in the economy if the country shifted to costlier sources of energy.
Mr. Pollin says he's working on a fuller study now. He and other green-jobs advocates say that, on balance, shifting to cleaner sources of energy creates more jobs than it destroys.
The Apollo Alliance, a San Francisco coalition of environmental and labor groups, also released a study in September. It concluded that five million green jobs could be had with an investment of $500 billion -- more than three times Mr. Obama's number.
Kate Gordon, co-director of the Apollo Alliance, says the numbers are less important than the message. "Honestly," she says, "it's just to inspire people."
