Documents filed under Impact on Economy
Dr. Michaels' testimony before Congress concerning the economics that underlies H.R. 2915, and the consequences of repealing the Western Area Power Administration’s (WAPA) $3.25 billion borrowing authority under The American Reinvestment and Recovery Act of 2009. His testimony explains the realities of renewables as a source of job creation.
The U.S. Congressional House Budget Committee prepared this document which discusses the failure green energy subsidies to produce meaningful job growth. An excerpt of the report is provided below. The full report can be accessed by clicking on the link(s) at the bottom of this page.
One of the UK's leading energy and environment economists warns that the government's promise that green energy policies will create tens of thousands of jobs and stimulate competitive industries is an illusion. In his report The Myth of Green Jobs, published today by the Global Warming Policy Foundation, Professor Gordon Hughes (University of Edinburgh) dispels this assumption. The summary of findings is posted below. The full report can be downloaded by clicking on the links at the bottom of this page.
This residential property located near the Melancthon I and II wind energy facilities (2 hours NW of Toronto) was denied a bank line of credit due to the health risks caused by proximity to the transformer substations.
This paper uses data on 11,331 property transactions over 9 years in Northern New York to explore the eff ects of new wind facilities on property values. The authors use a fixed effects framework to control for omitted variables and endogeneity biases. They found that nearby wind facilities signi cantly reduce property values in two of the three counties studied. The results indicate that existing compensation to local homeowners/communities may not be sufficient to prevent a loss of property values. The conclusions of the report are provided below. The full paper can be accessed by clicking on the link a t the bottom of this page.
Jonathan Lesser explores how high-cost subsidized renewable resources risk destroying jobs and hurting consumers.
In 2006, Mr Julian and Mrs Jane Davis' quiet enjoyment of their property had been disturbed by a nearby wind project to such an extent that they were forced to vacate their house, for health reasons. The Lincolnshire Valuation Tribune ruled that construction of the turbines 930 metres away from the dwellings had a significant negative effect on Davis; enjoyment of their properties, that the nuisance caused by the turbines was real and not imagined and it would have an effect on the potential sale price of the properties. Excerpts of the ruling are provided below. The full ruling can be accessed by clicking on the link(s) at the bottom of this page.
Economist Dr. Robert Michaels explains the flaws with NREL's JEDI modeling when evaluating the job creation and economic impacts of building renewable energy facilities.
The National Association of State Utility Consumer Advocates (NASUCA), in its letter to President Barack Obama, urges rejection of the request by General Electric, smart grid vendors and other signatories who are seeking to link access to federal programs related to electricity distribution and energy efficiency to smart grid technology access. NASUCA argues smart grid technologies are expensive and evolving and should not be forced on consumers.
Energy Ventures Analysis critiqued Black and Veatch's assessment of a 15 percent Alternative Energy Portfolio Standard for the State of Pennsylvania. Pennsylvania House Bill 80/Senate Bill 92 considers increasing Pennsylvania’s Tier I Alternative Energy Portfolio Standard (AEPS) from 8% to 15% of retail sales by 2022 with a special 3 percent solar set-aside. The AEPS expansion would also include a new 3 percent of retail sales requirement to be supplied by coal plants retrofitted with carbon capture and sequestration (CCS) technology.
It has become well known by those in the energy industry that wind industry officials and lobbyists continue to understate the full and true cost of electricity from wind and have been successful in creating a false “popular wisdom” about wind energy. Energy analyst Glenn Schleede takes the gloves off and explains the real story behind wind energy's price and how it's high cost fails to match the value of the electricity produced. Mr. Schleede's paper can be accessed by clicking on the link at the bottom of this page.
Energy expert William Short submitted this testimony to the Rhode Island Public Utilities Commission in reference to the State's review of a power purchase agreement negotiated between Deepwater Wind Block Island, LLC and the utility Narragansett Electric Company. Deepwater Wind proposed a pilot offshore wind project with initial energy costs of 24.4 cents a kilowatt hour ($244 a megawatt hour). Mr. Short explains in detail how energy costs far exceed the project's claimed monetary benefits. His conclusion is excerpted below. The full testimony, including exhibits, can be downloaded via the links at the bottom of the page. The PUC voted to disapprove the agreement.
Roger McEowen of the Center for Agriculture Law and Taxation in Iowa prepared this important report for farmers who are considering signing a wind lease for wind energy development.
Gabriel Calzada Álvarez, Associate Professor at Universidad Rey Juan Carlos (King Juan Carlos University) in Madrid, delivered this testimony before U.S. House Select Committee on Energy Independence and Global Warming. In March 2009 Álvarez and two colleagues from the University, released their study on the Spanish experience with “green jobs”. An excerpt of his testimony is provided below. The full testimony can be accessed by clicking on the link at the bottom of the page.
US President Barack Obama defends his energy subsidy package to invest billions into alternative energy generation by citing examples from Spain, Germany, and Japan. He has pointed to the renewables industry as a way to create new and sustainable jobs during a period of economic downturn. But this recent report prepared by Dr. Gabriel Calzada, an economics professor at Juan Carlos University in Madrid, shows that for Spain the “green employment opportunity” has proven elusive and unsustainable. The executive summary of Dr. Calzada’s report is posted below. The full report can be accessed by selecting one of the links at the bottom of this page.
In this Article, the authors survey the green jobs literature, analyze its assumptions, and show how the special interest groups promoting the idea of green jobs have embedded dubious assumptions and techniques within their analyses. Before undertaking efforts to restructure and possibly impoverish our society, careful analysis and informed public debate about these assumptions and prescriptions are necessary.
This report was prepared for a presentation given at the South Plains Agriculture Wind & Wildlife Conference in Lubbock, Texas on February 13, 2009. The findings and conclusions contained herein are the exclusive property of Gardner Appraisal Group, Inc., and cannot be re-produced without the express written permission of Gardner Appraisal Group, Inc. Windaction.org wishes to thank Mr. Derry T. Gardner for kindly granting us permission to post his presentation to the www.windaction.org website. To access the document, click on the link at the bottom of this page.
Chris Luxemburger is a real estate broker, director of the Brampton Real Estate Board and the Chairperson of the Real Estate By-Laws Committee in Ontario, Canada. In his survey of the three-year sales records for the Melancthon Wind Plant and surrounding area, Luxemburger found significant differences among 600 properties within and beyond three nautical miles of the plant. Those in proximity to wind turbines had either a higher rate of non-sale (11% vs. 3%) or took twice as long to sell. He summarizes his findings in this presentation.
California's Renewables Portfolio Standard (RPS) is one of the most ambitious renewable energy standards in the country Established in 2002 under Senate Bill 1078 and accelerated in 2006 under Senate Bill 107, California's RPS obligates investor‐owned utilities (IOUs), energy service providers (ESPs) and community choice aggregators (CCAs) to procure an additional 1% of retail sales per year from eligible renewable sources until 20% is reached, no later than 2010.The California Public Utilities Commission (CPUC) and California Energy Commission (CEC) are jointly responsible for implementing the program.
These slides were presented by Horizon Wind (now EDP Renewables) to potential landowners willing to site wind turbines on their property in McLean County Illinois as part of the Twin Groves Phase II project. The entire project consists of 240 Vestas 1.65 MW wind turbines. Specifics on money paid landowners for leasing their land appears toward the end of the slide presentation. To view the slides, click the link(s) on this page.