In February 2012, the Atlantic Chapter Energy Committee published a white paper on Renewable Energy and Green Jobs Policy: CLEAN-FIT Programs: Clean Local Energy Accessible Now - Feed in Tariff
An excerpt from the Executive Summary:
"Clean Local Energy Accessible Now – Feed-In Tariff (CLEAN-FIT) programs are an efficient method of maximizing both job creation and rapid renewable energy deployment.
CLEAN-FIT programs provide a guarantee that a wide variety of renewable energy projects are able to feed in to the energy grid on equitable terms at a long-term price that reflects the cost of producing the energy plus a reasonable rate of return.
CLEAN-FIT programs have been used in more than 80 jurisdictions around the world and have been very effective in creating jobs manufacturing, developing and installing renewable energy technology. Examples include Germany, which has created 367,400 clean energy jobs for a population that is less than 28% of the USA’s, and Ontario, Canada, which has created 20,000 jobs under a recently established CLEAN-FIT program.
CLEAN-FIT programs provide a stable investment climate that makes financing projects less complicated, less expensive, more attractive, and more available to individuals, small businesses and communities. For those reasons, CLEAN-FIT programs have a strong track record at creating demand for renewable energy projects and speeding the transition to renewable energy and away from polluting sources of energy.”
More on Feed-in-Tarriffs (FITs):
Feed-in-tariffs, or CLEAN Contracts, provide a mechanism where producers of renewable energy (solar, wind, etc.) are fairly compensated for clean energy sold to utility companies. A set rate of return guarantees payments to the renewable energy companies for a number of years. This allows banks and investors to confidently invest in the industry to insure its development. Rates paid on renewable energy contracts are reviewed annually so that new contracts are adjusted to the market conditions. The cost of clean energy declines over time as the renewable companies grow in scale and energy spikes connected with fossil fuels are controlled.
Feed-in-tariffs have produced numerous good paying jobs in the renewable energy field, which cannot be transferred overseas. The policy has led to the development of an industry which supplies fifteen to twenty present of energy in the European countries. The feed-in-tariff modifies the energy spikes which occur in systems solely dependent on fossil fuels. The renewables also reduce carbon dioxide and greenhouse gas emissions substantially. The entire renewable system has helped reduce dependence on foreign energy.
Feed-in-Tarriff (FIT) Review Report (pdf)
Here is the Province of Ontario, Canada's 2-year study on their Feed-in-Tarriff Program. The program, started in 2009, has resulted in 20,000 clean energy jobs with an anticipated 50,000 job-total. The program has brought $20 billion of investments into the Province and has made Ontario a leader in the development of clean energy in North America. Read the report here.
Feed-in-Tariffs Here in the U.S. and Worldwide