I believe it is wise from an environmental and economic viewpoint to invest in renewable energy projects. I believe the costs of fossil fuel based energy will continue to increase. Renewable energy is continuing to improve and when considering the negative externalities caused by oil, gas and coal and the continuing improvement in wind, solar and geothermal generation investment in renewable energy are going to payoff well for countries.
I've written a good bit lately about the recent push among US companies and politicians for tariffs and other forms of protectionism against imports of "green energy" goods and services. One thing I really haven't gotten into, however, is the blatant hypocrisy of such efforts - which inevitably result in higher prices for the targeted goods and services - when undertaken by politicians who at the same time claim to support "clean" energy and its environmental benefits and/or lower taxes on American families and businesses.
Last week, I explained how federal "green" subsidies to domestic producers of polysilicon - a key input for solar panels - fueled global overcapacity and helped kill Solyndra, the poster-child for America's green subsidy mess.
In 2007 alone, clean energy spurred the opening of 10,209 businesses with 125,390 jobs in the Golden State, according to a report by the Pew Charitable Trusts.
New "green" jobs sprouted faster than the overall workforce expanded in California and across the nation from 1998 to 2007, according to a study released Wednesday by the PEW Charitable Trusts .
Guest blog by Andrew Bennett, International Trade Specialist and Smart Grid Industry Analyst at Commerce's
International Trade Administration in the Office of Energy and Environmental
With the Department of Commerce focused on winning the
future and driving the president’s vision for a growing clean energy economy, it’s
good to see early results from these efforts in the form of the green jobs of
today. Green Buildings is a key sector where we’re laying the foundations for
the green jobs of the future.
Last month, Siemens
USA announced 400 new positions across 39 states in its green technologies
division, which is focused on helping
cities across the country reduce energy costs through the implementation of
a host of green building technology systems.
Meanwhile, in Baltimore, MTC Logistics is working with
Virginia-based solar energy services provider HelioSage and Southern Energy
Management, a green building services company from North Carolina, to
build one of the largest roof mounted solar installations in the state of Maryland.
These ambitious green building projects not only create
jobs, they also drive innovation, cut costs for businesses and government and
help achieve important environmental benefits.
Last week, I discussed how the rampant subsidization of "green industries" like US biofuels manufacturers, combined with increased US government efforts to increase exports, could lead to an onslaught of new trade cases in foreign markets or the WTO, as subsidized American "green" exports began to penetrate foreign markets and injure (or threaten) their competition. Noting a new Australian anti-subsidy case against US biofuels, I said at the time: