Salient to Investors:
Mark Muro at Brookings said the outcome of the election will have an influence on the pace of growth in clean-energy industries. Muro said clean energy, especially clean tech, are not large job creators because they’re relatively small and very efficient technologies – 184,699 workers in 2010 in clean technology.
Ethan Pollack at the Economic Policy Institute said the US wind industry has been growing substantially because of the wind tax credit.
David Kreutzer at the Heritage Foundation said you don’t create net jobs by subsidies because you’re taking resources out of the rest of the economy.
29 states have mandates and deadlines requiring utilities to purchase energy from renewable sources, but at least 19 bills were introduced in 2012 to repeal or weaken the standards in various states.
Matthew Kaplan at IHS said the future is a smaller wind-energy market, with fewer manufacturers and fewer developers making large investments.
Phyllis Cuttino at Pew Charitable Trusts said solar is an area for growth and comes with not much controversy in Congress.
Robert Bradley at the Institute for Energy Research said the prospects of the solar industry are not good in the new era of government constraints.
Read the full article at http://www.bloomberg.com/news/2012-11-06/green-jobs-depend-on-obama-win-as-fiscal-cliff-approaches.html