Like many states, Ohio is banking on green energy technology to put residents back to work. Yet, a new Ohio State University analysis examining the economic development impacts of green policies suggests that the state’s current efforts are unlikely to generate large numbers of new jobs.
However, on a more positive front, the analysis also indicates that related proposals such as cap-and-trade are unlikely to be the massive “job killers” that opponents fear.
The analysis is laid out in a policy brief titled, “Green Policies, Climate Changes, and New Jobs: Separating Fact from Fiction.” In the document, Ohio State agricultural economist Mark Partridge and his colleagues Amanda Weinstein and J. Clay Francis discuss why environmental policies, such as green energy subsidies and cap-and-trade, do little to affect job growth.
“The overriding weakness for alternative energy to create jobs, even in the short run, is that virtually all green energy technologies are capital intensive, meaning that they require few workers to get started or maintain,” said Partridge, the Swank Chair in Rural-Urban Policy and a professor in the Department of Agricultural, Environmental, and Development Economics.… Continue readingRead More »