New Study Questions Incentives To Create Green Jobs
03/18/2012 1 Comment
This report is from the Global Warming Policy Foundation:
A new report questions the value of tax incentives and regulations approved by many states around the country, including Nevada, to create “green jobs,” noting that subsidies used for such programs can take away revenue for other needs such as public education.
“States face a hard and fast budget constraint; they cannot deficit spend or take on debt for general operating expenses,” said Bryan Leonard of State Budget Solutions in his report, “Green Jobs Don’t Grow on Trees.”
“This means that every dollar spent by states on green job training programs, grants to green firms, or subsidies for renewable energy producers is a dollar that cannot be spent on teachers’ salaries, educational tools, or social safety nets,” he said.
“Our study showed that green programs are incredibly expensive for states who aren’t in a position to know which investment will pay off and which won’t,” said Bob Williams, president of State Budget Solutions.
The only mechanism for determine the success or failure of a project are free markets. If the people want them and are willing to buy the product the project will be success. Top down forcing of green energy will never survive as the market demand for higher cost energy does not exist.