A new study from Spain estimates the true cost of ?green? jobs in the United States (download the full PDF here):
Optimistically treating European Commission partially funded data, we find
that for every renewable energy job that the State manages to finance, Spain?s experience cited by President Obama as a model reveals with high confidence, by two different methods, that the U.S. should expect a loss of at least 2.2 jobs
on average, or about 9 jobs lost for every 4 created, to which we have to add those jobs that non-subsidized investments with the same resources would have created.Therefore, while it is not possible to directly translate Spain?s experience with exactitude to claim that the U.S. would lose at least 6.6 million to 11 million jobs, as a direct consequence were it to actually create 3 to 5 million ?green jobs? as promised (in addition to the jobs lost due to the opportunity cost of private capital employed in renewable energy), the study clearly reveals the tendency that the U.S. should expect such an outcome.
