Another opinion about the Green Energy Act – Looking at overall costs and benefits

There has been a lot of talk about how the Feed-In-Tariff being the main culprit in the rising energy prices, here’s a fresh view on the topic.
If you look at the FIT program as a stimulus package that came amidst the recession then it’s benefits should also be analyzed from a “cure to a recession” standpoint and we can see:

• Green energy creates 12 times more jobs per kWh than nuclear and 15 times more than natural gas. The articles gives a figure of 1200 jobs in Kitchener-Waterloo area alone quoting the mayor.
• The highest tariff of 80.2c is paid for small projects to individual home owners. These people then spend the money on goods and services putting it back in the economy. It is estimated that $1 paid to a homeowner contributes a minimum of $7 to the economy by recirculating.

There is an additional benefit that the article fails to mention – lower health care costs. Since green energy causes 0 pollution, it works towards reducing respiratory sicknesses associated with burning carbon based fuels such as gas and coal. It’s a real cost the provincial government has to bear.
Read the full article by Derek Satnick here: The Green Energy Act is Saving us Money!