Wednesday, October 20, 2010

Critics of Clean Energy Stimulus Program Miss the Point

While the hastily-constructed stimulus programs for clean energy could have been better optimized, those arguing that the Section 1603 clean energy grant program somehow created a boondoggle are completely off base. Any projects already under construction would have received an equivalent benefit in a better economy, and the stimulus-funded clean energy grant program has been a successful job creator in an industry that was once near collapse. At the scale of the clean energy sector as a whole the effects of the cash grant program have been substantial and positive. A study by the Lawrence Berkeley National Lab estimates that the grant supported more than 50,000 short-term job-years and 4,000 long-term job-years. More>