I’ve written about the Green New Deal before. Here’s my main points in a nutshell:
- Stimulating renewable energy creates jobs in the renewable energy sector.
- Stimulating renewable energy destroys jobs in the non-renewable energy sector.
- Renewable energy is more expensive than non-renewable energy. Stimulating renewable energy therefore reduces competitiveness. This slows down economic growth and job creation.
- 2+3>1, so stimulating renewable energy destroys more jobs than it creates.
- The jobs created depend on subsidies and other forms of government protection.
- There is little chance that Ireland will ever become a net exporter of energy at a significant scale. Anything we can do with wave and wind, the Scots can do too, and they will always be closer to the market.
- There is little change that Ireland will ever become a net exporter of intellectual property on the renewable energy generation. Our current strenghts in R&D do not match the required skills, and countries that do have the required skills already are developing new energy technologies as well.