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Spain's government is simply trying to hide the fact that it is the #1 problem in the Spanish economy. [after the 2008 recession, economic researchers at Univer
by Chico11Kidlet 8y ago
Spain's government is simply trying to hide the fact that it is the #1 problem in the Spanish economy. [after the 2008 recession, economic researchers at Univerisidad Rey Juan Carlos in Madrid put out an analysis of the government's investments in alternative energy, which had been lavish. Results: every alternative energy job created resulted in 2.2 jobs lost in the rest of the economy. The average alternative energy job cost the taxpayer $800,000. Each job in the wind industry cost the taxpayer $1.4 million. The subsidies for photovoltaic installations were such that people would buy a solar panel, which would then qualify them for getting "net metering". They would then buy a gas generator and drive the meter backwards, and make enough money to pay for the generator, gasoline, the disconnected solar panel, and a tidy profit.
- famoreira 8y agoMy google-fu is failing me. Do you happen to have a link to the study mentioned? Its findings seems very interesting.
- honestoHeminway 8y agoAlternative energy corruption is how related to money laundring fonds ghost-towning inner citys?
- mprev 8y agoThe story here is about something mayor of Barcelona is doing, rather than the national government of Spain. Also, what does subsidising renewable energy jobs have to do with leaving residential buildings empty?