Speaking of jobs…

Michael Giberson

Employment prospects must be looking up for economists with experience in electric power.

Three times in the last week I have received unsolicited notices – first, from out West came an email hoping I could recommend someone with expertise in state utility policies; then a day later, from a friend and former manager, a casual note asking if I know of any available electric power economists (or at least someone with good analytical and writing skills), and finally just now a Gmail alert returned an ad posted on Washington Post on-line, seeking an economist to analyze the competitive performance of electricity markets.

[Note to prospective job seekers: If I don't know you, or at least know someone who knows you, I can't offer a recommendation. But don't worry, despite all the headlines, my totally informal, spontaneous sample says things are just fine (at least if you have economics training and a electric power background).

Note to prospective employers: So far as I know, none of the other electric power economists I know are looking for new opportunities.

Note to my current employer: That doesn't mean you shouldn't offer a preemptive pay increase, just in case. Better safe, then sorry, I always say (if the implication is that I should be paid more).]

Speaking of jobs…

Michael Giberson

Employment prospects must be looking up for economists with experience in electric power.

Three times in the last week I have received unsolicited notices – first, from out West came an email hoping I could recommend someone with expertise in state utility policies; then a day later, from a friend and former manager, a casual note asking if I know of any available electric power economists (or at least someone with good analytical and writing skills), and finally just now a Gmail alert returned an ad posted on Washington Post on-line, seeking an economist to analyze the competitive performance of electricity markets.

[Note to prospective job seekers: If I don't know you, or at least know someone who knows you, I can't offer a recommendation. But don't worry, despite all the headlines, my totally informal, spontaneous sample says things are just fine (at least if you have economics training and a electric power background).

Note to prospective employers: So far as I know, none of the other electric power economists I know are looking for new opportunities.

Note to my current employer: That doesn't mean you shouldn't offer a preemptive pay increase, just in case. Better safe, then sorry, I always say (if the implication is that I should be paid more).]

Do utilities love cap-and-trade?

Michael Giberson

In a post titled “The $100 Billion Windfall: Why Utilities Love Cap-and-Trade“, Environment Capital notes the release of a new study by Point Carbon, financed by the WWF, which sought to estimate the “potential and scale of windfall profits in the power sector in selected countries (UK, Germany, Spain, Italy and Poland) during the second phase of the EU Emissions Trading Scheme (ETS), which runs from 2008 to 2012.” Point Carbon provides an estimate of between 23 and 71 billion Euros, depending on assumptions.

We should be clear here. It isn’t the cap-and-trade that utilities love, its the multi-billion Euro windfall.

(NOTE: Rich Sweeney at Common Tragedies also comments on the Point Carbon study and Environmental Capital post.

The Environmental Economics ‘lost green jobs challenge’

Michael Giberson

Maria Cantwell (D-Wash.), co-sponsor of the proposed Clean Energy Tax Stimulus Act, says if Congress and the President don’t act fast to enact the bill, as much as $20 billion in investment will be delayed or canceled and and more than 100,000 jobs lost.

At the Environmental Economics blog, John Whitehead says, “Show me empirical evidence“:

My contention is that tax credits can increase employment in preferred sectors but this employment is taken from other sectors of the macroeconomic. Employment and unemployment is unaffected in the aggregate.

Are any of the dips caused by a lack of targeted environmental policy? I’ll send a free “Drive Less! http://www.env-econ.net”; bumper sticker to the first person who shows me empirical evidence that the U.S. loses jobs from expiration of renewable energy tax credits or some such policy using appropriate econometric methods and the 1946-2007 employment data….

His post includes monthly employment numbers from the U.S. Bureau of Labor Statistics since 1946.