David Frum fears so:
[H]ere’s what I would predict: we’re rapidly going to discover that new energy forms will destroy many more energy-sector jobs than they create. And we’ll (re)discover for the umpteenth time that the reason government fails as a venture capitalist is that government faces too many and too contradictory goals. Government effort to subsidize “green jobs” will emerge – not as a benefit from the spread of green energy – but as one of the greatest obstacles impeding the spread of green energy.
Earlier discussion of green jobs here.