Monckton: Green policy kills jobs and causes energy poverty | Tallbloke’s Talkshop

Excerpt from an open letter to the head of MIT: Professor Reif of MIT says, “In 2016 alone, solar industry employment grew by 25 percent, while wind jobs grew 32%.” These numbers are highly mislead…

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Growing jobs by subsidy is easy, provided that one cares nothing for the far greater number of jobs destroyed by the additional taxation, energy price hikes or public borrowing necessary to pay for the subsidy. Several studieshave shown that the creation of one “green” job results in the loss of two to four jobs elsewhere in the economy. In Spain the estimated ratio was two jobs lost for each one created by renewable energy, prompting the government to finally end most renewable subsidies.

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Viewed from another perspective, EIA data reveal it took nearly 400,000 solar workers (about 20% of electric power payrolls) to produce just 0.9% of all the electric power generated in the United States in 2016. About the same number of natural gas workers (398,000) produced 37 times more electricity – and just 160,000 coal workers produced almost as much electricity as those gas workers. Moreover, gas and coal provide power nearly 100% of the time, compared to 15-25% of the time for most solar (and wind) installations. Wind employment numbers reflect this same pattern.

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In fact, “alternative” or “renewable” energy is often unprofitable even after massive subsidies from taxpayers. For example, SunEdison received $1.5 billion in subsidies and loan guarantees, and yet it was compelled to file for bankruptcy. Solyndra is another example. This is unsustainable.

Source: Monckton: Green policy kills jobs and causes energy poverty | Tallbloke’s Talkshop

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I am a quilter who designs many more quilts than I will ever make, and I am sharing one quilt design every day in Virtual Quilter. I also share my completed projects in Stuff-Ups, and Christmas decorations in Christmas Everyday of the Year.
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