Friday, March 4, 2011

Germany and Bob Brown's imaginary 330,000 extra green jobs

First, it is necessary to count the costs of the alleged green jobs miracle. A study by the respected economic research institute RWI concluded that every single worker in these industries had been supported to the tune of E175,000 ($240,000). Given this enormous subsidy, it is remarkable how few jobs have been created.

In Germany, subsidies for renewable energies are paid for by energy users. Renewable energy suppliers can feed their production into the grid at guaranteed high prices; the additional cost of green electricity is passed on to private and business energy users.

As consumers have to pay more for power than they would have otherwise, they cannot spend the money elsewhere. Job losses then occur in other industries.

2 comments:

Green Fraud Buster said...

It is the same Green story in every country. The Green myth started in Germany in 1985, exploded in Rio in 1992 and we are enjoying the consequences.

The only Green jobs are in Germany. We pay dues, they collect.

Desertec is their latest business plan. They will sell the North Africans mirrors and beads in exchange, maybe, for a little waterfront property on the Med and an oil&gas concession or two.

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