Green Promises Produce Only Red

Green Promises Produce Only Red

The National Center for Policy Analysis looks at an expose of the “green jobs” myth at the American Enterprise Institute.

Among their findings:

• -The capital needed for one green job in Italy could create almost five jobs in the general economy.
• -Wind and solar power have raised household energy prices by 7.5 percent in Germany.
• -Since 2000, Spain spent 571,138 euro (about $774,000) on each green job, including subsidies of more than 1 million euro (about $1.4 million) per job in the wind industry.
• -The programs creating those jobs destroyed nearly 110,500 jobs elsewhere in the economy (2.2 jobs destroyed for every green job created).
• -Each “green” megawatt installed destroys 5.28 jobs elsewhere in the economy on average.

Many of the simple-minded socialists who always cheer “green jobs” are oblivious to the real reason for the existence of companies and jobs.

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