Even though the Wind Production Tax Credit (PTC) may be extended when Congress reconvenes in a post-election, lame duck session, American wind turbine manufacturers are laying off workers right and left. Estimates from the Institute for Energy Research (IER) indicate approximately 3,000 jobs have already been cut or designated to be cut soon. That number is almost 30% of the 11,000 direct manufacturing jobs in the industry. At the same time, the European Union (EU) has launched an investigation of Chinese photovoltaics exporters. Similar charges in the US led to the imposition of preliminary anti-subsidy tariffs on China in March and preliminary anti-dumping tariffs in May. Instead of bringing promised prosperity to developed nations, the green energy industry is collapsing or fleeing to the developing world.
Recent days have seen a number of announcements about our changing climate. As it turns out Arctic ice is rebounding, sea levels are dropping and things just are not going according to the IPCC's plan for catastrophic global warming. Faced with reversal after reversal, it might seem logical for mainstream climate scientists to admit that they are wrong, that global warming is not taking place at a breakneck pace, but this has not happened. Instead, climate change apologists are weaving a tangled web of excuses—hot is cold, wet is dry, up is down. No matter what happens to the world we live in, the root cause according to the doomsayers is always the same: it's always global warming's fault.
Recent announcements about failing green companies have mostly flown under the major media radar. After all, when President Obama hops in Air Force One for a quick trip to a green business to make a speech about his administration's nonexistent energy policy that's worth covering—when that green business shutters its doors (after absconding with millions in tax credits) that's embarrassing, to green cheerleaders and the liberal media in general. Sadly, failure to revive the economy not withstanding, many actually believe that, if only we could provide more billions in subsidies, good green jobs would spring up like weeds. The reality is that green business cannot exists without government largess and that green economy we have heard so much about was stillborn—killed in its government funded womb by economic reality.
Breakthrough Institute co-founders Michael Shellenberger and Ted Nordhaus returned to Yale University last month for a retrospective on their 2004 essay, “The Death of Environmentalism.” Rarely does a critical assessment of an inflamed public debate so clearly shine the light of reason on why a cause was lost. In their speech Shellenberger and Nordhaus, bloth life long environmentalists, argued that green politics and the climate change crisis were destroyed from within, by exaggerated scientific claims, fantasies about green jobs and “An Inconvenient Truth.” After detailing how climate change alarmists managed to snatch defeat from the jaws of victory, the authors go on to offer some advice for the green movement: 12 theses for a post-environmental approach to climate change. In effect, they are saying that the world needs to concentrate on solving the problems that matter to people—food, energy, economic development—and the environment will be fixed as a side effect.
As public concern rises over the safety and ecological soundness of renewable energy sources like solar and wind, the nuclear power industry is quietly ramping up to build new, smaller types of reactors that can be deployed as sealed power units. Russia is moving ahead with plans to locate floating nuclear power plants along its northern coast and a French company has designed a small offshore nuclear power plant called Flexblue. At the same time, efforts by the US Department of Energy's Savannah River Site to host a range of proof-of-concept units from several vendors has run afoul of bureaucratic infighting. Around the world, nuclear power is progressing, while former nuclear technology leader America founders.
Al Gore, the high prophet of ecological doom, has stunned the climate change faithful by recanting his support for ethanol fuel. Now he tells us that supporting corn based subsidies was a mistake and that it had more to do with his desire to cultivate farm votes in the 2000 presidential election than with what was good for the environment. This announcement comes at a time when the US Congress has an opportunity to set things right. The current $0.45 per gallon tax credit for adding ethanol to gasoline automatically expires December 31, and all senators and congressmen need to do is nothing. Continue to dither and taxpayers will save six billion dollars plus the air will be cleaner. Unfortunately, the corn ethanol lobby has its hooks well planted in the US Congress, including many Republicans who supposedly have seen the light of spending reduction. Will Congress betray the people yet again?
With the American mid-term elections finally over, the deafening din of political propaganda and news punditry has dropped to a dull roar. Having admitted that there were no “shovel ready” jobs in the offing, and that taking a “shellacking” is no fun, Barack Obama has nonetheless continued to talk up the idea of “green jobs.” This flies in the face of both reason and experience. To date, green job creation has been a resounding failure. American intellectuals and left leaning politicians have pointed out that Europe is a decade ahead of the US in embracing the new green economy. Since this White House seems infatuated with all things European, here is a lesson they can borrow from the old continent: creating artificial green jobs is bad for a nation's economy.