Green programs in Spain destroyed 2.2 jobs for every green job created, while the capital needed for one green job in Italy could create almost ?ve jobs in the general economy. Wind and solar power have raised household energy prices by 7.5 percent in Germany, and Denmark has the highest electricity prices in the European Union.
From the conclusion.
Both economic theory and the experience of European countries that have attempted to build a green energy economy to create green jobs reveal that such thinking is deeply fallacious. Italy, Spain, Germany, the United Kingdom, Denmark and the Netherlands have all tried and failed to accomplish positive outcomes with renewable energy.
Some will suggest that Canada is different and that Canadian planners have the wisdom to make the green economy work. However, there is no getting around the fact that one does not improve one’s economy or create jobs by breaking windows, and Canadian planners are no more omniscient than planners who tried the same programs in Europe.
(HT: Bishop Hill)