WASHINGTON, DC / ACCESSWIRE / September 15, 2020 / New developments have raised serious questions regarding the economic and job benefits from offshore wind energy projects in U.S. waters. Unsubstantiated claims of significant economic growth and investment have exaggerated the benefits of offshore wind energy, and diminished the economic and cultural importance of sustainable American wild-caught fisheries.
Georgetown Economic Services: Benefits of Offshore Wind ‘Grossly Inflated’
A new study, conducted by Georgetown Economic Services (GES), finds that “[t]he claim that the huge investments in offshore wind would provide significant job and economic benefits in the U.S. has been grossly inflated.” The study also reaches an important conclusion: many of the jobs and benefits would actually go to the foreign-owned companies currently dominating the wind energy landscape, instead of creating local opportunities.
The study examined the potential permanent and temporary jobs that would be created by wind energy development in New