Monday, October 25, 2010

Clean energy industry looks ahead

The billions in federal stimulus dollars spent on expanding "green energy" industries and creating "green jobs" have provided a lifeline for U.S. wind and solar companies, but renewable-energy executives are worried that the future will not be as promising. The White House, however, has already declared the program an unqualified success. The Council of Economic Advisers issued a report in July that found the American Recovery and Reinvestment Act's more than $90 billion in total spending and future tax breaks produced 190,000 "clean energy" jobs in the first quarter of 2010. A recent Lawrence Berkeley National Laboratory study found that the act's $5.4 billion in investment tax credits have created or saved 50,000 jobs in the renewable sector. More>