Now that the German Energiewende (energy turnaround) is here, tens of thousands of new green jobs have been created. Well, not quite yet actually. But it won’t be long now.
After all, once Berlin decided to permanently switch off the country’s eight oldest nuclear reactors and close the remaining ones still online by 2022, everyone here was absolutely ecstatic (at least those who didn’t work in the energy sector were). Sometimes you just have to give the people what they want, you know? And now they’ve got it. What they wanted, I mean
The same day the Energiewende was announced saw the first case in Germany of a solar panel manufacturer (Solon) announcing it was going into liquidation, threatening the loss of some 500 jobs. Then you had EON, Germany’s biggest power supplier, deciding to cut up to 11,000 jobs worldwide while its rival RWE shed 8,000. Then you had Solar Millennium. Then you had, oh I forget which one (there have been so many recently), solar something or something.
Hey, what’s a little job loss when it comes to the common green good (rhymes with Robin Hood)? These jobs are coming, people, sooner or later or maybe not even at all because, well, not even green jobs grow on trees.
Optimistic predictions that Germany’s decision to turn its back on nuclear energy will lead to the creation of hundreds of thousands of jobs in the renewable energy sector have met with scepticism.
Well, it’s a business that can’t sustain itself without subsidies, sooo…..
http://www.streetinsider.com/Trader+Talk/Watch+Solar+Stocks+as+German+Subsidies+Could+Be+Cut+30%25+This+Year+-Bloomberg+(TAN)/7064297.html