...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...
...The premiums paid for solar, biomass, wave and wind power - - which are charged to consumers in their bills -- translated into a $774,000 cost for each Spanish “green job” created since 2000, said Gabriel Calzada, an economics professor at the university and author of the report.
Over at NRO, Chris Horner explains some details of the study:
*That is because green jobs schemes in Spain killed 2.2 jobs per job created, or about 9 existing jobs — I'll call them "real" jobs — lost for every 4 that are created. The latter, the study shows, then become wards of the state, dependent on the continuation of the mandates and subsidies, subject to the ritual boom and bust of artifically concocted jobs (read: ethanol).
* This does not include jobs lost due to redirection of resources, but are only the jobs directly killed by the scheme.
Nor does it include job loss from companies leaving Spain:
Spain’s Acerinox SA, the nation’s largest stainless-steel producer, blamed domestic energy costs for deciding to expand in South Africa and the U.S., according to the study.
Of course, this shouldn't be suprising to most of us... government spending and regulation can never increase wealth or create jobs, only shift, redistribute, or eliminate. Why some people persist in believing that 'Green' jobs are exempt from this principle, I don't know.
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