The False Promise of Green Energy

By Andrew P. Morriss, William T. Bogart,
Roger E. Meiners, and Andrew Dorchak

Green energy promises an alluring future—more jobs in a cleaner environment. We will enjoy a new economy driven by clean electricity, less pollution, and, of course, the gratitude of generations to come. There's just one problem: the lack of credible evidence that any of that can occur.

The False Promise of Green Energy critically and realistically evaluates the claims of green-energy and green-jobs proponents who argue that we can improve the economy and the environment, almost risk-free, by spending hundreds of billions of taxpayer dollars in return for false or highly speculative promises. The book examines the claims green-energy proponents make, including assertions of how green energy will revitalize the job market, produce new forms of clean transportation, and improve environmental health and safety, energy efficiency, and more. The authors explore the underlying politics and gamesmanship lurking below the surface.

Proponents of green energy are a large, vocal alliance of special interests—corporations, politicians, and environmentalists—who have found common cause in demanding huge taxpayer subsidies for an assortment of programs under the rubric "green jobs." As detailed in thin this compelling book, the ultimate agenda—and its impact if implemented—is far larger and more insidious than acknowledged. Green-energy mobilization calls for restructuring the world's economy and social organization on the basis of myths about forecasting, technologies, and economics.

The False Promise of Green Energy illustrates the irresponsibility of attempting to transform modern society with borrowed money, wishful thinking, and bad economics. It shows how the top-down control programs offered by green-energy and green-jobs advocates are unlikely to achieve positive results compared with allowing competitive forces to continue to provide ever greater environmental quality and energy efficiencies.

About the Authors

Andrew P. Morriss is the D. Paul Jones Jr. and Charlene Jones Chairholder in the Law and professor of business at the University of Alabama. He is also a senior fellow at PERC in Bozeman, MT.

William T. Bogart became president of Maryville College in 2010. HE previously served as dean of academic affairs ay York College of Pennsylvania and as a member of the economics faculty in the Weatherhead School of Management at Case Western University.

Andrew Dorchak has served as head of reference and foreign/international law specialist since 2000 at the Case Western Reserve University School of Law's Judge Ben C. Green Law Library.

Roger E. Meiners is Goolsby Distinguished Professor of Economics and Law at the University of Texas at Arlington. He is also a senior fellow at PERC in Bozeman, MT.

Cato Institute
1000 Massachusetts Ave. N.W.
Washington, D.C. 20001
Purchase at Cato
2011; 287 pp.

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 An economist and lawyer, Roger Meiners defends the superiority of the common law--legal traditions developed through the courts--over federal regulation. In his view, the success of markets is intertwined with the common laws strong protection for property rights. Common law protects the environment by allowing individuals to take action against...
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Andrew Morriss is the author or coauthor of more than 50 scholarly articles, books, and book chapters. He serves as a Research Fellow at the New York University Center for Labor and Employment Law, a Senior Fellow at the Property & Environment Research Center in Bozeman, Montana, and a Senior Scholar at the Mercatus Center at George Mason...
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