The Green New Deal (ctd)

I’ve written about the Green New Deal before. Here’s my main points in a nutshell:

  1. Stimulating renewable energy creates jobs in the renewable energy sector.
  2. Stimulating renewable energy destroys jobs in the non-renewable energy sector.
  3. Renewable energy is more expensive than non-renewable energy. Stimulating renewable energy therefore reduces competitiveness. This slows down economic growth and job creation.
  4. 2+3>1, so stimulating renewable energy destroys more jobs than it creates.
  5. The jobs created depend on subsidies and other forms of government protection.
  6. 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.
  7. 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.

Why does this bear repeating? Well, Labour just promised 80,000 jobs while Commins et al. just reconfirmed the negative impact of energy taxes on employment.

Previous posts on the Green New Deal are here and here.