Spain suspends solar subsidy
Jun 18, 2010
Bishop Hill in Energy, Greens

Andrew Orlowski reports that the Spanish government is reining back hard on the payments it makes to solar power companies - who are in essence subsidy farmers.

Spanish economist Professor Gabriel Calzada, at the University of Madrid estimated that each green job had cost the country $774,000.

Worse, a "green" job costs 2.2 jobs that might otherwise have been created - a figure Calzada derived by dividing the average subsidy per worker by the average productivity per worker. Industry, which can't afford to pay the higher fuel bills, simply moves elsewhere.

 

 

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