"Rather than expand government, public policy should end preferential subsidies for politically favored energies and privatize such assets as public-land resources and the Strategic Petroleum Reserve. Multibillion-dollar energy programs at the U.S. Department of Energy should be eliminated. Such policy reform can simultaneously increase energy supply, improve energy security, reduce energy...
Green Jobs: Fact or Fiction?
"In this environment, some have seized upon the 'Green Economy' as a cure for both the nation’s current economic ills, and as a way to address the issues of global warming and energy security. According to this view, government at all levels can use fiscal and regulatory measures to spur massive new investments in renewable energies and energy efficiency, which will create millions of new 'green jobs.' Proponents claim that such programs will not only rescue the economy from recession, but will also put the country on track to a sustainable, low- carbon energy future. The new Administration and the incoming 111th Congress are in apparent agreement with this overall strategy, differing perhaps only in the details.
Unfortunately, it is highly questionable whether a government campaign to spur 'green jobs' would have net economic benefits. Indeed, the distortionary impacts of government intrusion into energy markets could prematurely force business to abandon current production technologies for more expensive ones. Furthermore, there would likely be negative economic consequences from forcing higher-cost alternative energy sources upon the economy. These factors would likely increase consumer energy costs and the costs of a wide array of energy- intensive goods, slow GDP growth and ironically may yield no net job gains. More likely, they would result in net job losses."
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