How much of a crank is @profstevekeen? @psw1937 @mccaffreydanie1

From http://chrisauld.com/2012/12/06/steve-keen-still-butchering-basic-microeconomics/ at http://chrisauld.com/wp-content/uploads/2012/12/stern-debunking-review.pdf

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EU Abandons New 2030 Climate Target

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

Reality is beginning to dawn in the EU:

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Contrary to what has been announced, Cañete has not submitted the proposal to the EU member states, the German Press Agency in Brussels has learned. The idea was met with opposition by, among others, German Chancellor Angela Merkel and the German industry. Other EU countries also rejected it. Global climate policy is in crisis since US President Donald Trump quit the Paris climate agreement of 2015.

https://www.thegwpf.com/its-all-over-eu-abandons-new-2030-climate-goals/

Meanwhile German carmakers are fighting back against forced switching to EVs:

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The European Commission has reservations about the climate goals of the European Parliament. Around 59,000 jobs in the automotive industry are endangered – and they could arise elsewhere.
Brussels – The EU Commission has warned against overly ambitious climate targets for European car manufacturers. “Existing jobs in the car industry threaten to be lost if the transition (to new engines) is…

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Why Nations Fail: Daron Acemoglu interview | The Economist

Corbyn’s Green Manifesto

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

In amongst his Marxist agenda, Jeremy Corbyn has doubled down on the current government’s crazy climate agenda, as the Telegraph report:

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A Labour government would carpet Britain with wind turbines as a central part of its green energy policy, Jeremy Corbyn will announce on Wednesday.

In his keynote speech to the Labour Party Conference, Mr Corbyn will promise to double the number of onshore wind farms in the UK and increase offshore wind power sevenfold.

Mr Corbyn will claim the move would create a “green jobs revolution” that would create more than 400,000 skilled jobs.

Setting out his plans to invest in green jobs, Mr Corbyn will say: “There is no bigger threat facing humanity than climate change. We must lead by example.”

The Conservatives have introduced an effective ban on the spread of wind farms by bringing in demanding new planning regulations, but Mr…

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The Green Jobs Fallacy

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

From the Institute of Economic Affairs:

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In his Party Conference speech on Wednesday, Jeremy Corbyn unveiled plans to kick-start a “green jobs” revolution, pledging to create 400,000 skilled posts in the low carbon sector. But do these claims stand up to scrutiny?
One flaw in any plan to use low carbon industries to ‘create jobs’, is that many parts of it tend to be capital intensive and people light. This is evident in Labour’s own modelling. They pledge to spend £12.8 billion on a home insulation programme they say will create 160,000 jobs. This works out at a cool £80,000 of subsidy per job created.
State-funded job creation, moreover, can carry huge costs (and opportunity costs). ‘Public money’ does not materialise from thin air, it inevitably involves diverting resources from elsewhere. If funded by government borrowing, it risks ‘crowding out’ of private investment. If not, increased…

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