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The Green New Deal (GND) is a set of policy proposals, some more concrete than others, with the central advertised goal of ameliorating a purported climate crisis by implementing policies that would reduce US greenhouse gas (GHG) emissions to zero, or to “net zero,” by 2050 in some formulations. In addition, GND incorporates other important social-policy goals as a means of forging a majority political coalition in support.
The GND’s central premise is that such policies — either despite or by reducing sharply the economic value of some substantial part of the US resource base and the energy- producing and energy-consuming capital stock— would increase the size of the economy in real terms, increase employment, improve environmental quality, and improve distributional equity. That is a “broken windows” argument: The destruction of resources increases aggregate wealth. It is not to be taken seriously.
Moreover, notwithstanding the assertions from GND proponents that it is an essential policy to confront purportedly adverse climate phenomena, the future temperature impacts of the zero-emissions objective would be barely distinguishable from zero: 0.173°C by 2100, under the maximum Intergovernmental Panel on Climate Change parameter (equilibrium climate sensitivity) about the effects of reduced GHG emissions. Under an assumption consistent with the findings reported in the recent peer-reviewed literature, the effect would be 0.083°C by 2100, a policy impact not measurable against normal variation in temperatures.
This conclusion is not controversial and suggests strongly that the GND’s real goal is wealth redistribution to favored political interests under the GND social-policy agenda and a dramatic increase in government control of resource allocation more generally.
The American Enterprise Institute for Public Policy Research, known simply as the American Enterprise Institute (AEI), is a Washington, D.C.-based conservative think tank that researches government, politics, economics, and social welfare.
originally posted by: Artemis12
Who came up with that name: 'Green New Deal'? it sounds funny, it's like some kind of strange demented english lingology.
If you have put a windmill in your yard or some solar panels on your roof, bless your heart. But we will only green the world when we change the very nature of the electricity grid – moving it away from dirty coal or oil to clean coal and renewables. And that is a huge industrial project – much bigger than anyone has told you. Finally, like the New Deal, if we undertake the green version, it has the potential to create a whole new clean power industry to spur our economy into the 21st century.