No windfall in false promise of green jobs

Investment in alternative energy technologies such as solar and wind is no longer peddled on environmental grounds. Instead we are being told of the purported economic payoffs, above all the promise of so-called "green jobs". Unfortunately, that does not measure up to economic reality. The Copenhagen Consensus Centre asked Gurcan Gulen, a senior energy economist at the Centre for Energy Economics to assess the "state of the science" in defining, measuring and predicting the creation of green jobs. Gulen concluded job creation "cannot be defended as another benefit" of well-meaning green policies. In fact, the number of jobs these policies...