It turns out that “green jobs” depend heavily upon “green rain” in the form of government subsidies waste money & distort energy prices.
In Spain, $758,471 was spent on each “green job” over the last 8 years, coming at the cost of 2.2 private-sector jobs with only 1 in 10 newly-created green jobs being permanent. And tax subsidies for renewable energy from 1998 to 2009 caused the price of electricity to rise by 77 percent (Gabriel Calzada, “Study of the Effects on Employment of Public Aid to Renewable Energy Sources”).
Similar disappointing results on the economic impact of “green energy” initiatives are reported for Germany (‘Economic impacts from the promotion of renewable energies: The German Experience,’ published by Rheinisch-Westfälisches Institut für Wirtschaftsforschung).
While government aid for wind power in Germany costs 3 times more than conventional electricity, per worker aid for solar industry is about $240,000, far more than average wages! All this leads to artificially-higher electricity prices. And as in Spain, most green jobs arising from government action disappear when subsidies end.
In all events, “green” energy sources like wind and solar power raise costs unnecessarily since big reduction in carbon emissions can arise from replacing coal with natural gas. The simple fact is that if green-energy sources were affordable, everyone would buy them!
If governments want to more jobs to be available, taxpayer funds must be used more efficiently (i.e., more profitably) than if left in hands of private sector. Sadly, there is little evidence that this is likely to occur since most new government spending tends to be directed towards consumption, vis-a-vis, redistributionist transfers.
As it is, mandating subsidies to support labor intensive, inefficient & expensive power sources is a boondoggle. Waste occurs unless there are net gains in productivity & more wealth is made available to the community.
A sensible way to create jobs & expand green energy is to end the dependence of renewable energies on government handouts & eliminate regulatory barriers to entry to spark competition. Since regulatory red tape delays renewable energy ventures & makes them more expensive, there is less market-driven investment.