Renewable Energy Might Be Slow to Spur U.S. Economy

The renewable energy revolution President Obama wants to jump-start with stimulus money might be coming. But it’s going to take a while.

While Congress and Obama moved quickly to pass the stimulus legislation, corporate planning for the future is more measured. Any increase in green energy must overcome business and regulatory obstacles.

And businesses dominating the renewable energy arena are based outside the United States. Those companies will need to add or expand U.S. manufacturing before incentives in the stimulus package result in jobs for American workers.

“How real are the green jobs? Of course they’ll be some, but how real are they?” said David Garman, President George W. Bush’s Energy Department undersecretary from 2004 to 2007 and before that assistant secretary for renewables and energy efficiency. “It’s something that we’re just going to have to learn by doing.”

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