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MoveOn preps for gigantic green economy campaign

Max Schulz Says Renewable-Energy Technologies Are a Bad Investment of Government Funding - WSJ.com

If the green-jobs claim sounds too good to be true, that's because it is.

There's an unavoidable problem with renewable-energy technologies: From an economic standpoint, they're big losers. Renewables simply cannot produce the large volumes of useful, reliable energy that our economy needs at attractive prices, which is exactly why government subsidizes them.

The subsidies involved are considerable. The U.S. Energy Information Administration reported in early 2008 that the government subsidizes solar energy at $24.34 per megawatt-hour (MWh) and wind power at $23.37 per MWh. Yet even with decades of these massive handouts, as well as numerous state-level mandates for utilities to use green power, wind and solar energy contribute less than 1% of our nation's electricity.

Compare the subsidies to renewables with those extended to natural gas (25 cents per MWh in subsidies), coal (44 cents), hydroelectricity (67 cents), and nuclear power ($1.59). These are the energy sources (along with oil, which undergirds transportation) that do the heavy lifting in our energy economy.
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Digging deeper each month to pay for expensive renewable energy, consumers will have less to save or spend in other areas of the economy. Killing jobs in efficient industries to create jobs in inefficient ones is hardly a recipe for economic success. There may be legitimate arguments for taking dramatic steps to fight climate change. Boosting the economy isn't one of them.