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02 October 2010

Comments

Russ Steele

George.

Your comments would stand out more if they were in color, say a nice primary color.

This is an excellent rebuttal and I will b linking to it from NC Media Watch.

Russ Steele

George,

The CA Lutheran University Center for Economic Research and Forecasting examined The Truth About Green Jobs and California. They has this to say about green energy projects driven by environmental regulations:

The Foreign Experience

In this country, the focus on green jobs is of fairly recent origin, linked primarily to the election of President Obama and a solidly Democratic Congress. Yet to understand how green policies function in a real economy, one does not have to depend on imaginary projections. There have been many foreign countries – most particularly in the European Union – that have embraced this approach for many years. A close look at the results suggests that the economic promise of job creation tied to renewable energy sectors has been far less fulfilled than is commonly claimed by environmental activists and their key corporate allies.

Investment in a “green revolution” already has become a centerpiece of the current British Labour Government's plan to revitalize the country's economy. In this, the UK will be following a path of massive subsidization of the renewable sector to rebuild its damaged economy in a “digital, low-carbon, high technology age.”

But there is growing evidence that the current pattern of subsidization is unsustainable. Germany, for example, has spent over 1.2 billion Euros on solar roofs... which now generate 0.4 percent of the country’s electricity. The cost of green jobs is also very high. In Denmark, subsidies per job reach upwards of $150,000 a year; in Germany, the cost has been estimated as high as $250,000.

The Spanish Experience

Given the much higher costs of renewable energy, the report estimates that each green megawatt installed destroys 5.28 jobs on average elsewhere in the economy: 8.99 by photovoltaics, 4.27 by wind energy, 5.05 by mini-hydro. The report has been hotly contested for being short-sighted and not counting both the environmental and long-term economic advantages of Spain’s strong green energy policies.
Yet there is more widespread criticism of Spain's program. Many of the solar plants, for example, were of low quality and are likely never to be efficient. Given these problems and Spain’s critical economic condition, in September 2009 the government abruptly changed course, cutting payments and capping solar construction.

The Danish Experience

There is widespread concern among Danish firms, particularly in manufacturing, that their competitive position will be weakened by these new taxes. The biggest impact, they believe, will be on those firms that must compete internationally. Ironically, this affects the environmental sector. Danish companies have specialized in being energy efficient; energy efficiency has become a competitive advantage for Danish companies, helping to offset high Danish labor costs and generally weak Danish productivity trends. "But this position of strength will be destroyed if these companies [have imposed upon them] new special Danish energy taxes."

Mikey McD

George, this had to be a radio address because he could not do it with a straight face (if it was televised we would have seen that he was so full of $h!t that his eyes were brown)! Shall we enter into another debate of 'is he stupid or evil?'

George Rebane

Russ - thanks for the details. As readers know, I've been reporting on the non-sustainability of the EU clean energy projects and jobs. These and other reports just continue putting meat on the bones. But, of course, the lying bastards in the lamestream media will not let any of this out to their audiences.

Mikey - I do believe that the debate is over; President Obama is not stupid. Our republic was built to weather a stupid president now and then. I'm not sure its construction is robust enough to handle the other kind.

Mikey McD

George, let's hope that those charged with explaining history to future generations agree with your sentiment (I had to put up with Woodrow Wilson and/or FDR = god).

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