Category:
Impact on Economy
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A growing number of advocates, among them Governor Corzine and President Obama, believe that energy efficiency and renewable energy could not only help the environment but replace jobs lost in the recession.
Critics, however, say that's an expensive and unproven way to create jobs that will destroy jobs in other sectors, and in many cases will be little more than putting a green veneer on existing trades.
"If you spend a billion dollars, sure you will create jobs," said William T. Bogart, an economic professor and dean of York College of Pennsylvania. "The question is, on net, how many?
Also filed under [
USA|
New Jersey]
The U.S. government is committing billions of dollars to support renewable energy such as wind- and solar-power plants. Some say it should use more of that financial clout to encourage less energy consumption in the first place.
Advocates of conservation, including businesses that help homeowners and companies save energy, think there should be more subsidies and tax incentives for basics like insulation and window shading, and for newer, more costly products like light-emitting-diode lamps and building-automation systems.
Also filed under [
Tax Breaks & Subsidies|
USA]
California's push for renewable power could prove costly to consumers.
Gov. Arnold Schwarzenegger's plan to get one-third of the state's electricity from renewable sources by 2020 could cost $115 billion in new infrastructure, according to a report released Friday by the California Public Utilities Commission. Last year, a similar report from the commission estimated the cost at $60 billion.
Also filed under [
Energy Policy|
California]
Massive investment in renewable energy could ultimately create 4 million manufacturing jobs. But for the workers in the bottom rung of this movement, the shift to green jobs could very well mean a pay cut of nearly 60%, a trend spreading across the entire manufacturing sector.
Also filed under [
USA]
Montana-Dakota Utilities Co. and Otter Tail Power Co. estimate the current rules could drive up their customers' monthly bills by 18 percent to 30 percent annually.
If the problem is not remedied, it could undermine public backing for wind power development in North Dakota, Public Service Commissioner Tony Clark said. The state has more than 700 megawatts of wind generation capacity, with more than 3,000 megawatts of projects planned.
Also filed under [
Tax Breaks & Subsidies|
North Dakota]
Billions of dollars in upgrades to Alberta's power transmission network will hit consumers in the pocketbook.
The province's electrical operator says the average consumer will see power bills go up by $8 a month to pay for the first phase of projects, which have an estimated price tag of $8.1 billion.
Also filed under [
Energy Policy|
Canada]
Nobuo Tanaka, executive director of the International Energy Agency, says it is "inevitable" that the manufacturing of renewable energy components - mainly solar modules and wind turbines - will move to China and, to a lesser extent, India. "The PV cells made there are not of as high a quality yet [as those made in Europe] but they will get there."
This view is echoed by George Frampton, former chairman of the White House Council on Environmental Quality and a member of the Obama campaign's transition team. He says: "There is a very strong momentum. And it's not just because of the cost, it's also that I'm not that optimistic that this market is going to boom in the US."
A multi-million-pound scheme to promote tourism in the South Wales Valleys will be undermined if plans for two new wind farms get the go-ahead, campaigners claim.
Plans for the wind farms straddling the Ogmore and Rhondda Valleys are due to go before councillors in July, when protesters will make their feelings known by marching on the council offices in Bridgend.
The group fighting Shear Wind's Glen Dhu turbine project says property values could drop in the area if the development goes ahead.
Susan Overmyer, media relations for the Eco Awareness Society, said several recent studies show home values could deteriorate by "20 to 30 per cent" if turbines are built in the proposed area near Baileys Brook.
Also filed under [
Property Values|
Canada]
Bosses of a historic Northumberland estate told a wind farm inquiry the turbines would damage tourism.
Trustees of the Ford and Etal Estates also revealed they had been close to allowing turbines to be erected on their land, before pulling out of negotiations following a "backlash of public opinion". ...The estate asked the developer to consider reducing the height of the turbines but this approach was rejected. As a result, the trustees pulled out of negotiations in early 2006, incurring "considerable abortive professional fees."
German savings banks eclipse Deutsche on solar funds
May 4, 2009 by Claudia Rach and Jeremy van Loon in Bloomberg News
May 4, 2009 by Claudia Rach and Jeremy van Loon in Bloomberg News
German savings banks are handing out more loans to renewable-energy projects as corporate rivals retreat from financing the world's biggest solar-panel market.
The 438 savings banks financed 45 percent of the 5.3 billion euros ($7 billion) invested in solar and wind power projects in 2008, while loans from major corporate lenders including Deutsche Bank AG shrank to 0.8 percent.
Also filed under [
Germany]
This year has not been a good one for renewable energy, despite promises by politicians all round the globe to make it the centrepoint of economic recovery.
Vestas chief executive Ditlev Engel began 2009 by warning that the economic downturn had left it with a 15% excess in global manufacturing capacity.
Also filed under [
UK]
‘Green jobs' lose their luster in Lexington
April 28, 2009 by Olivia Webb in Richmond County Daily Journal
April 28, 2009 by Olivia Webb in Richmond County Daily Journal
A layoff in Lexington appears to contradict President Obama's initiative to generate employment through increased green energy production.
Officials blame bad timing for the decision to cut jobs at PPG Industries, a Pittsburgh-based specialty products manufacturer that supplies to the wind energy industry. The company announced Friday that 110 of the 420 employees at its Lexington fiberglass plant will be let go by June 30.
Also filed under [
North Carolina]
Meanwhile, lawmakers are trying to pass House Bill 1273 and the bill says that money given by wind energy farms to wealthy districts need to be part of "Robin Hood." "Robin Hood" will then distribute the money through out other districts.
Now some school districts in the Big Country can be heavily affected if House Bill 1273 passes.
Also filed under [
Energy Policy|
Texas]
Employers say green job growth slow but sustainable; Many private-sector companies not hiring green jobs yet
April 23, 2009 in WISCTV
April 23, 2009 in WISCTV
It's a slow process, but for people looking for a green job in the plummeting economy, the jobs are out there.
But there's just not too many of them -- not yet, anyway. While electrical workers are thrilled at the prospect of having jobs related to those wind turbines, fewer people are needed to run 100 wind mills -- roughly 20, compared to the hundreds who might be needed to run a coal-fired plant, like the one recently denied by the Wisconsin Public Service commission late last year.
Also filed under [
Wisconsin]
Stimulus helps, but many renewable energy projects still can't find funding
April 22, 2009 by Hannah Kokjohn in Medill Reports
April 22, 2009 by Hannah Kokjohn in Medill Reports
Blumenfeld isn't the only one feeling the pinch of the recession's credit crunch. Despite the Obama administration's spotlight on renewables and $54 billion in clean energy incentives packaged into the American Recovery and Reinvestment Act, startup renewable energy companies are struggling to get new projects off the ground.
Jeff Dalebroux, a Chicago-based finance attorney who works with infrastructure and project finance at Dykema Gosset PLLC, said the problem stems from a host of issues.
Also filed under [
USA]
Utility warns carbon emissions regulation could triple electric bills
April 21, 2009 by Charles Oliver in The Daily Citizen
April 21, 2009 by Charles Oliver in The Daily Citizen
[Dalton Utilities president and CEO Don Cope] said he had listened last week to a presentation by the Edison Electric Institute, an organization that all of the large, shareholder-owned utilities belong to, on the possibility of legislation capping carbon emissions produced by fossil fuels such as coal and oil.
"Their estimate is that it will cost the average household in the United States between $3,000 and $6,000 per year," he said.
Clean energy has a dirty secret.
It isn't cheap.
Consumers already are starting to feel at least a modest pinch in their electric bills. The impact is expected to grow in the next few years as utilities accelerate their investments to meet state quotas requiring a portion of clean energy in their generation mix.
Also filed under [
USA]
House whips up new wind-tax plan
April 17, 2009 by Heather J. Carlson Post-Bulletin in Post-Bulletin
April 17, 2009 by Heather J. Carlson Post-Bulletin in Post-Bulletin
Austin Democrats are hammering out a compromise with party leadership that would boost wind tax revenue for townships at the expense of school districts.
Reps. Robin Brown and Jeanne Poppe have been fighting to restore a wind tax benefit for schools set to expire on July 1. Last year, Minnesota schools received $146,000 from the wind energy production tax.
Also filed under [
Tax Breaks & Subsidies|
Minnesota]
Green energy feels the chill in harsh economic climate
April 11, 2009 by Robin Pagnamenta in Times Online
April 11, 2009 by Robin Pagnamenta in Times Online
The amount invested in British renewable energy schemes, including wind, solar and wave power, fell from £377 million during the first three months of last year to £79 million during the same period this year, according to figures from New Energy Finance, a research group that monitors industry trends. The figures have raised fresh questions over the Government's ability to fulfil its pledge to slash Britain's carbon emissions and produce more than one third of the country's electricity from green energy by 2020.
Also filed under [
Energy Policy|
UK]
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