{"id":409899,"date":"2010-03-10T00:04:28","date_gmt":"2010-03-10T05:04:28","guid":{"rendered":"http:\/\/papundits.wordpress.com\/?p=32351"},"modified":"2010-03-10T00:04:28","modified_gmt":"2010-03-10T05:04:28","slug":"solar%e2%80%99s-bubble-busted","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/409899","title":{"rendered":"Solar\u2019s Bubble Busted"},"content":{"rendered":"

\"\"<\/a>By Conn Carroll\"\"<\/a><\/strong><\/p>\n

The White House\u2019s National Economic Council\u2019s September 2009 report, A Strategy for American Innovation: Driving Towards Sustainable Growth and Quality Jobs<\/a>, informs us: \u201cA strong economy, but too reliant on precarious, bubble-driven growth, is unsustainable.\u201d And it is true: our government should not try and inflate bubbles in order to spur short-term economic growth. Which is why the White House should read today\u2019s The New York Times<\/a> article on the Spanish solar program that President Barack Obama so often holds out as a model<\/a> for our country to follow:<\/p>\n

\n

Two years ago, this gritty mining city hosted a brief 21st-century gold rush. Long famous for coal, Puertollano discovered another energy source it had overlooked: the relentless, scorching sun.<\/p>\n

Armed with generous incentives from the Spanish government to jump-start a national solar energy industry, the city set out to replace its failing coal economy by attracting solar companies, with a campaign slogan: \u201cThe Sun Moves Us.\u201d
\n\u2026
\n<\/span>But as low-quality, poorly designed solar plants sprang up on Spain\u2019s plateaus, Spanish officials came to realize that they would have to subsidize many of them indefinitely, and that the industry they had created might never produce efficient green energy on its own.<\/p>\n

In September the government abruptly changed course, cutting payments and capping solar construction. Puertollano\u2019s brief boom turned bust. Factories and stores shut, thousands of workers lost jobs, foreign companies and banks abandoned contracts that had already been negotiated.<\/p>\n<\/blockquote>\n

According to a study<\/a> from King Juan Carlos University in Madrid, for every \u201cgreen job\u201d created by Spain\u2019s solar subsidies, 2.2 jobs in other sectors were destroyed and $758,471 was spent to create each green job. Germany is also paying dearly for their solar subsidies. A study commissioned by the Institute for Energy Research (IER),\u00a0 found<\/a> per worker subsidies for solar industry jobs are as high as $240,000.<\/p>\n

Spending six figures for temporary \u201cgreen jobs\u201d is not A Strategy for American Innovation.<\/p>\n

Conn Carroll<\/a> is the Assistant Director of Strategic Communications at The Heritage Foundation<\/a> and is also an Editor at The Foundry.
\n<\/em><\/p>\n

Read more from The Heritage Foundation<\/strong> at The Foundry<\/a><\/strong><\/p>\n

Filed under: 111th Congress<\/a>, America (USA)<\/a>, Blundering Bureaucrats<\/a>, Climate Alarmists<\/a>, Climate Change<\/a>, Conniving Politicians<\/a>, economy<\/a>, Environment<\/a>, Environmental activists<\/a>, Europe<\/a>, Fanatics<\/a>, Fear-mongering<\/a>, Fraud\/Waste<\/a>, Global Warming<\/a>, Infrastructure Problems<\/a>, Liberals<\/a>, Lily-Livered Liberals<\/a>, Limp-Wrist Liberals<\/a>, Political Prostitutes<\/a>, Politics<\/a>, Power Hungry<\/a>, Propaganda<\/a>, Public Opinion<\/a>, Spine Donor Politicians<\/a> Tagged: Climate Change Religion<\/a>, Global Warming Alarmism<\/a>, Global Warming Hype<\/a>, Green Jobs<\/a>, Heritage – The Foundry<\/a>, Solar Power Generation<\/a>, Spanish Solar Power Problems<\/a>, Tony<\/a> \"\"<\/a> \"\"<\/a> \"\"<\/a> \"\"<\/a> \"\"<\/a> \"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

By Conn Carroll The White House\u2019s National Economic Council\u2019s September 2009 report, A Strategy for American Innovation: Driving Towards Sustainable Growth and Quality Jobs, informs us: \u201cA strong economy, but too reliant on precarious, bubble-driven growth, is unsustainable.\u201d And it is true: our government should not try and inflate bubbles in order to spur short-term […]<\/p>\n","protected":false},"author":4200,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-409899","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/409899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4200"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=409899"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/409899\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=409899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=409899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=409899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}