An op/ed in today's Investors Business Daily is reporting that yet more studies that show that subsidizing "green" jobs destroys good jobs:
A Spanish economics professor said attempts by his country to create a green economy would fail. Now a Spanish government report confirms his findings, blunting claims that the professor's report was biased.
The professor, Gabriel Calzada Alvarez of Juan Carlos University in Madrid, produced a 41-page study last year on the European experiment of going full bore on the conservation front. He found that "the Spanish/EU-style 'green jobs' agenda now being promoted in the U.S. in fact destroys jobs."
For every green job created by the Spanish government, Alvarez found that 2.2 jobs were destroyed elsewhere in the economy because resources were directed politically and not rationally, as in a market economy.
"The loss of jobs could be greater if you account for the amount of lost industry that moves out of the country due to higher energy prices," the professor told the press.
Alvarez's findings, of course, were rejected by the environmental left, which tried to smear him as a stooge of the oil industry.
But inconveniently for the eco-conscious, his results have been backed up by Carlo Stagnaro and Luciano Lavecchia, a couple of researchers from the Italian think tank Istituto Bruno Leoni.
They found that in Italy, the losses were worse than they were in Spain: Each green job cost 6.9 jobs in the industrial sector and 4.8 jobs across the entire economy.
"Green investments are an ineffective policy for job creation," they say in their report. Despite the other merits of investments in new energy, "to the extent that the 'green deal' is aimed at creating employment or purported as anti-crisis or stimulus policy, it is a wrong policy choice."
Even more inconvenient for the environmental left is a study by the Spanish government. This leaked document supports the Alvarez report. The green lobby can't claim bias in this analysis because the Zapatero administration that compiled it is a socialist government that sees windmills when more rational people see dragons.
Go here for the whole op/ed.