In recent years, a number of politicians have been promoting the notion of Green jobs to help resuscitate our economy. And while it may sound appealing, the real-world experience of nations subsidizing environmental projects to reduce unemployment hasn’t fared very well. In Spain, a recent study found that for each Green job created, 2.2 were lost. Ditto for Britain, where a study in that country revealed that for each 100 million pounds spent to create one job, nearly four others were eliminated. Since many of these green jobs are linked to solar and wind energy projects that drive up electricity rates, maybe this whole notion of lowering unemployment through green jobs needs a pink slip.
August 8, 2013 by Craig Rucker,
Craig Rucker is president and co-founder of CFACT.