We have been told that the Cap and Trade legislation will create millions of green jobs. But thoughtful analysis plus experience in Europe tell us not to expect the new green jobs to be in millions. And the analysis and experiences show that we will lose many more manufacturing jobs because the Cap and Trade bill rations and raises the price of energy in the US.
We have long known that the majority of the equipment needed for wind farms comes from overseas. Now lets add to that knowledge. It appears that the solar equipment will also be manufactured overseas. The following quote is from the Energy Tribune’s entry “China’s Photovoltaic Industry: Exporting on the Cheap”:
“………it appears that Chinese PV producers will continue to push their panels onto the world market. And they will do so at prices that undercut PV producers in the US and Europe. Last month, the New York Times quoted Thomas M. Zarrella the chief executive of GT Solar International, a New Hampshire-based company that sells equipment to solar panel makers about the looming shift in global PV production. ‘I don’t see Europe or the United States becoming major producers of solar products—-they’ll be consumers’, he said.”
The Energy Tribune blog notes that the pragmatic Chinese are exporting nearly all of their production overseas rather than using the panels in their own country. Read the blog here
Cap and Trade will construct the gallows and the Chinese will sell us the rope to hang ourselves.