As many of us have argued for some time, simple economic theory suggests that the government’s push to create “green jobs” will ultimately kill more jobs on net. While the theoretical argument is fully compelling, however, it’s nice to have hard data to show people that this particular theory plays out in reality.
That’s why this study, from the Universidad Rey Juan Carlos in Spain should be kept handy (the report is in English).
After examining Spain’s experience with an aggressive wind-power program, the researchers concluded:…
Continue ReadingA recent article in the New York Times, “Not So Green After All: Alternative Fuel Still a Dalliance for Oil Giants,” chronicled the move away from politically correct (but economically incorrect) wind and solar energy by the oil majors.
Royal Dutch Shell and BP, in particular, recognize wind and solar as what they are: dilute, intermittent energies that are not consumer friendly or economic. And their investment returns in the same have been lackluster. Shell and BP have found out what Exxon Mobil learned in the 1970s.
“Oil giants worldwide are skeptical that President Barack Obama’s plans to move the economy away from petroleum will be successful,” Jad Mouawad wrote in the Times. “Many of the oil companies are sticking to their hydrocarbon business model and some are backing away from commitments to renewable power.”…
Continue Reading“I can find virtually no one—in government, in the environmental community, in business or in the press—who thinks that the Kyoto Protocol has even the proverbial snowball’s chance in hell of coming into effect in anything approaching its current form. This is every bit as true internationally as it is in the United States.”
– Paul Portney [then president: Resources for the Future], “The Joy of Flexibility: U.S. Climate Policy in the Next Decade,” Keynote Address, Energy Information Administration Annual Outlook Conference, March 22, 1999, mimeo, p. 2.
Joe Romm at Climate Progress is increasingly fighting his own flank as a number of Left environmentalists are moderating their climate views in response to scientific and political realities. His enemies list grows and grows, the latest being Newsweek’s Jacob Weisberg, whom Romm challenges (and more!) …
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