The Green New Deal

Here it comes folks, get ready to get poorer:

Most of the increase will come from multiplying the prppotion of Britain electrictyy generated from renewables sixfold, to 30 per cent, by 2020 – largely through a further massive expansion of windpower, especially offshore and in Scotland. And they are also hoping for a substantial contribution by tapping tidal power in the Severn Estuary.

The strategy will also disclose detailed plans for introducing \”feed in tariffs\” where householders and business who install renewable energy will be able to sell surplus electricity on favourable terms to the grid, a measure that has stimulated a rapid increase in the use of solar power in Germany and other countries.

Ministers expect the expansion of renewables alone to create 160,000 new green jobs, and even more are expected to result from measures to save energy, such as through better insulation of buildings.

Lord Mandelson\’s Business Department said that these and other measures will spark \”a green industrial revolution\”.

On those jobs things. Here\’s the result of a study done of a country which has in fact instituted such a \”Green New Deal\”.

How many jobs were created?

7. The study calculates that since 2000 Spain spent €571,138 to create each
“green job”, including subsidies of more than €1 million per wind industry job.
8. The study calculates that the programs creating those jobs also resulted in the
destruction of nearly 110,500 jobs elsewhere in the economy, or 2.2 jobs
destroyed for every “green job” created.

Yup, we\’re screwed. Again. By the fact that our Lords and Masters have absolutely no friggin\’ idea what they are doing.

Going green might be a good idea, might not. But it certainly ain\’t gonna create jobs.

1 thought on “The Green New Deal”

  1. Tim,

    our Lords and Masters have absolutely no friggin’ idea what they are doing

    You couldn’t be more wrong, Hissing Sid didn’t get where he is by being stupid or ignorant.

    They do know what they are doing, they just don’r give a toss about us.

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