The Biden bunch is regurgitating a bit of economic hogwash that originated in the Clinton clatch (#3 here): “Green” jobs will replace jobs that are based on the use of fossil fuels.
First, there will be fewer jobs overall because the economy will tank with the decline of fossil fuels. Second, the resulting “green” jobs will exemplify the broken windows fallacy.
The fallacy is that a broken window is a good thing because it generates business for a glazier. On the same principle, war is a good thing because it results in the recruitment of soldiers. And the killing of solders is a good thing because it results in the recruitment of additional soldiers.
The only thing to be said about Biden’s hysterical call to “climate action” is that it will result in the killing of a lot of a productive jobs and the creation of a smaller number of unproductive and counterproductive jobs.