Bond Details Green Job Costs

Conn Carroll / April 30, 2009

Sen. Kit Bond (R-MO), ranking member of the Senate’s new Green Jobs and the New Economy subcommittee, released a report Monday titled Yellow light on Green Jobs, taking on the “green jobs” claims of groups like the New Apollo Program and the Center for American Progress’ Green Recovery. The whole 44 pages are worth your time, but here are some highlights.

On existing levels of renewable power subsidies:

In 2007, according to the U.S. Energy Information Administration the federal government subsidized the renewable energy with $4.0 billion in tax benefits. This was a four-fold increase in taxpayer subsidy of renewable power from 1990’s $1.0 billion subsidy level. … Federal taxpayer subsidy on a per unit of energy generated basis for wind and solar energy, a prime source of expected green jobs creation, is more than ten times than other sources of clean energy such as nuclear. (more…)