Wednesday, September 04, 2019

If Green Projects Won't Work In California...

If Cali-unicornia isn't Green Project Utopia, no place can be:
California’s mixed record of using public investments and environmental mandates to create “green jobs” raises serious questions about the promises of some Democratic presidential candidates to use economy-transforming investments in environmentally friendly technologies to put millions of people to work.

Many of the initiatives touted by the candidates in their environmental plans are already in place in California, and some of them having been promoted as important engines of job creation. But California stopped counting green jobs in 2013, struggling to separate truly new jobs from existing employment growth...

As California's experience shows, reality doesn't always live up to projections. And while some of the most conservative estimates, like Warren's and Steyer's, appear reasonable based on California’s record, the state’s experience also reveals just how modest — and unimpressive — those goals would be for a 10-year period...

The federal Bureau of Labor Statistics stopped tabulating green jobs in 2013, as did California’s Employment Development Department after it found "no discernible evidence that green firms were more likely to create jobs than non-green firms." A 2008 California law required the creation of a "green-collar jobs council" and annual reports to the legislature, but they dropped off in 2010.

"'Green jobs' is a strange and somewhat elusive category," said University of California, Davis economist Dave Rapson...

Overall, though, economists don't subscribe to theories of massive job creation. "The sort of standard economist take on all of this is pretty skeptical," said James Bushnell, another UC Davis economist. "Unless you're in a recession, creating jobs in one sector usually comes at the expense of reduced jobs in another sector." Indeed, California's oil and gas sector shrank by about 6,000 jobs from 2013-18, going from 21,000 to 15,000 jobs, according to state data.

At the least, California's forays into clean energy haven't dampened its juggernaut economy, which rebounded from the recession significantly faster than the national average. "What we know is California's economy has done very well, and we've invested a lot in clean energy," Bushnell said. "I don't know if we're at the point where we can point to causality there. I conclude from that that our investment in clean energy has not hurt the economy. I don't necessarily take it in the direction that it's stimulated growth."
It's an interesting article, I recommend reading the whole thing--while keeping in mind that the source is not considered a conservative mouthpiece.

No comments: