7 Billion Green investment

[Topaz]

S. Korea, is investing in Ontario Green Tech. and this is suppose to add thousand of jobs to the maufacture sector, do you think it really will? http://news.ontario.ca/mei/en/2010/01/backgrounder-20100121.html

[Riverwind]

S. Korea, is investing in Ontario Green Tech. and this is suppose to add thousand of jobs to the maufacture sector, do you think it really will?

Surely you jest.

Here is a report on Germany's experience

Second, numerous empirical studies have consistently shown the net employment

balance to be zero or even negative in the long run, a consequence of the high

opportunity cost of supporting renewable energy technologies. Indeed, it is most

likely that whatever jobs are created by renewable energy promotion would vanish

as soon as government support is terminated, leaving only Germanys export sector

to benefit from the possible continuation of renewables support in other countries

such as the US. Third, rather than promoting energy security, the need for backup

power from fossil fuels means that renewables increase Germanys dependence on

gas imports, most of which come from Russia. And finally, the system of feed-in

tariffs stifles competition among renewable energy producers and creates perverse

incentives to lock into existing technologies.

Edited January 22, 2010 by Riverwind

[Born Free]

S. Korea, is investing in Ontario Green Tech. and this is suppose to add thousand of jobs to the maufacture sector, do you think it really will? http://news.ontario.ca/mei/en/2010/01/backgrounder-20100121.html

Yes but at what cost?

[Riverwind]

Yes but at what cost?

From the report I linked above:

Germany’s subsidization regime has reached a level that by far exceeds average wages, with per-worker subsidies as high as 175,000 €(US $ 240,000)

[William Ashley]

S. Korea, is investing in Ontario Green Tech. and this is suppose to add thousand of jobs to the maufacture sector, do you think it really will? http://news.ontario.ca/mei/en/2010/01/backgrounder-20100121.html

It is good to see this happen, China will crush and monopolize if there is no competition. It is a good move for Korea, imo. Supporting regionally marketed industries will help the environment and local economy in other ways also.

[Shwa]

And I am hearing through the grapevine that 'green technology' training is one of the more popular choices for participants in the Second Career program in Ontario. Hmmmm. Coincidence?

[Oleg Bach]

There is no such thing as true recyling. Nor is there anything that is truely green other than a blade of healthy grass..so as we put billions into so-called green investements and we generate millions of batteries to power green machines - who is going to dispose of all these poisonous batteries after they wear out? And they do wear out. I guess maybe we will just paint the units green and dump them in a meadow somewhere.