Tuesday, May 14, 2013

Green energy and job creation

A new report by the Department of Energy touts the job-creation record of green energy loans. Using DOE's own data, the Institute for Energy Research has calculated that the DOE spent $11.25 million for each job created.

The DOE website separates jobs created into "permanent" and "construction," the latter being temporary jobs created to build out the projects. DOE says that the $30.5 billion given so far in loan guarantees has produced roughly 60,000 jobs. Deseret News