Misconceptions of the green economy before Copenhagen climate summit
Throughout this dismal year, President Obama has promised that upwards of 5 million jobs would result from a huge injection of investment in alternative energy technology. The green jobs proposal was also the lynchpin of the European Union's alternative energy legislation, dubbed the "Community Strategy and Action Plan: Energy for the Future." Its goal: create a job boom by funding massive new investments in renewable energy.
So far, we're left with sizable handouts, no coherent vision, few concrete results, and lots of speeches.
November 22, 2009
by Jon Entine
in The Gov Monitor
China is proving to be a major challenge to President Obama's ambitious environmental agenda. Designed to reinvigorate flagging hopes for the Copenhagen climate summit, his recent trip yielded no commitments that the Chinese are willing to significantly curb carbon emissions.
He also returned home to the dismal news that China may be benefiting more than the United States from his job creation policy, which he has tied in significant measure to promised investments in green technology. While the employment market at home continues to falter, China's recovery is gaining steam-bolstered in part by American-based companies investing in green projects.
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