17yo truant should go back to school to learn economics

CLies IT

It has been refreshing hardly seeing our 17-yo truant in chief, Greta Thunberg being exploited by her climate change doomsayers during this coronacrisis. Unfortunately, she caved to the attention deficit by feeling compelled to say she had contracted COVID19 despite not being tested for it. Not atypical of social media-obsessed kids these days.

Alas, the 50th Anniversary of Earth Day came for her to come out of hibernation and tell us,

Whether we like it or not, the world has changed. It looks completely different now from how it did a few months ago. It may never look the same again. We have to choose a new way forward

Indeed it has changed and will change. However, we believe that the coming economic depression won’t lend itself kindly to the untested prospect of a “green jobs” boom. This idea that we can sit back and flood the world with renewables to save us all. It is unworkable in practice. Why?

Let’s take the CSIRO, Australia’s chief government science body.

Why hasn’t Greta made a b-line to reference our CSIRO’s energy transition costings for Australia which exceed $1 trillion with a “T” out to 2050 (p.135)? Note this report isn’t a net-zero study – just lower emissions. So by that logic, net-zero will cost even more. c.100% of GDP. Just as tax revenues are about to go through the floor.

You will feel even warm and fuzzier after reading the next sentence.

CSIRO assures us that “these costs do not include the full integration costs of renewables, but that these costs are expected to be significantly less than $175 billion.” Who cares about billions in a world of trillions? Significantly less?

Why aren’t politicians and Greta looking at the world’s biggest renewable crash test dummy?

As we wrote, “Germany’s Federal Court of Auditors was even more forthright about the failures of renewables…The shift to renewables, the federal auditors say, has cost at least 160 billion euros in the last five years. Meanwhile, the expenditures “are in extreme disproportion to the results…”

Note 330,000 German households are in a state of energy poverty and have had their electricity provider cut them off. That is what happens when projected electricity prices at the time of the hysteria end up double that of the initial costings. Oops.

Yet, how eager are supposed activists willing to sign up to the green movement in practice?

We have a home-grown movement to reference commitment to climate change. 98.9% of households in the electorate of Warringah, that supposedly voted Zali Steggall OAM MP in on a climate change ticket, still haven’t signed up to her ‘Roadmap to Zero’ plans. Given their high powered V8 SUVs are getting one month to the gallon these devout climate change alarmists don’t seem that interested.

What about those on the front lines of the climate crisis? Surely they know best?

When we studied the language within the last 10 years of annual reports of the state fire services around Australia, why was ‘climate change‘, the words that 29 former fire chiefs told us is such a big factor, barely mentioned, if at all? Take Fire & Rescue NSW’s only mention of ‘climate change‘ on p.81 of its 2018/19 Annual Report,

Where practicable, FRNSW crews were encouraged to turn off all non-essential lights on 30 March 2019 from 8:30pm until 9:30pm, joining millions of people worldwide in showing their commitment to tackling climate change and inspiring all generations to support environmental initiatives and sustainable climate policy.

That will do it!

Then what of green jobs?

We keep on hearing about a huge surge in “green jobs”. The ABS reported that after 5 years of straight declines, rooftop solar has been the driver of the rise in the past two years.

Annual direct FTE employment in renewable energy activities in Australia was estimated at 17,740 jobs in 2017-18, an increase of 3,890 jobs in FTE employment (28%) from the previous year (2016-17) and represents the highest level of FTE employment in renewable energy activities since 2011-12...driven by an increase in construction activity for large scale solar photovoltaic (PV) systems (1,950 additional FTE jobs) and roof-top solar PV (1,720 additional FTE jobs). Together, these two renewable energy types accounted for 94% of this increase in FTE employment in renewable energy.

The ABS notes there are 12,500,000 Aussies employed. Therefore full-time green jobs make up 0.14% of the total. Construction makes up 1.056m jobs. Manufacturing employs 770,000. Combined, these sectors make up 15% of all employed.

So our two biggest sectors employ 107x more than the peak in renewables FT employment.

In short

While Democrat Congresswoman Alexandra Ocasio-Cortez brainlessly tweeted you love to see it when referring to the recent trend in negative oil prices, restless natives around the globe will not tolerate governments that pursue green policies that prolong their unemployment pain. They want jobs, not spoon-fed ideological alarmism as their saviour.

This global lockdown is doing one important thing – waking us up to unpleasant truths. Comforting lies surrounding renewables investment will have no place other than the dining tables of crony capitalists who aren’t dealing with lived experience of scraping by without work. That is not to say we won’t get governments trying to prescribing a “reset” but it will be a one-way ticket to being kicked out of office when the results don’t live up to the promises.

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