With debate on energy issues ongoing in North Carolina, it’s interesting how things are going in a state that embraced radical action on “clean energy jobs” a few years back:
“Three years after California voters passed a ballot measure to raise taxes on corporations and generate clean energy jobs by funding energy-efficiency projects in schools, barely one-tenth of the promised jobs have been created, and the state has no comprehensive list to show how much work has been done or how much energy has been saved.”
This is from the Associated Press, a mainstream news source if there ever was one.
This should be no surprise. Renewable power may well have a future. But it fails when it is removed from the market and made a political football
Contrary to what the Left says, markets discipline the people taking part. If they fail, they go broke and go away.
In politics, there’s no punishment for those who fail. Often there is just more money and better jobs.
California removed green energy from accountability, so it is failing. Green energy will fail in North Carolina, too, if it is removed from the market, thus removed from the information and motivation only the market provides.