Americans in nearly a dozen swing states could expect to spend roughly $75,000 per year if the Green New Deal is ever implemented, according to a report Wednesday from a conservative nonprofit group.
The Green New Deal would cost households an average of between $74,287 and $76,683 in Colorado, Michigan, and Pennsylvania, among others, a report from the Competitive Enterprise Institute noted.
CEI worked with Power the Future and the Wisconsin Institute for Law and Liberty on the report.
“Right now, our booming national economy and record low unemployment rate are driven by abundant, domestic, reliable, and inexpensive energy produced by millions of men and women across the country,” Daniel Turner, executive director of Power the Future, said in a statement.
He added: “Any policy that proposes to reverse this success is a threat to jobs, to rural communities, to national security, and to the very prosperity that Americans are experiencing.”
Power the Future is a 501(c)4 group that was founded to promote and defend people who work in the energy industry.
CEI President Kent Lassman made a similar argument.
“Our analysis shows that, if implemented, the Green New Deal would cost for American households at least tens of thousands of dollars annually on a permanent basis,” Lassman said.
“Perhaps that’s why exactly zero Senate Democrats, including the resolution’s 12 co-sponsors, voted for the Green New Deal when they had the chance,” he concluded.
Washington, D.C.-based think tank’s report builds on a study the group produced in July 2019 showing Americans would incur massive expenses if the Green New Deal passes.
The authors incorporated the costs of electricity production within the first year after Green New Deal’s implementation and the costs of a one-time upgrade to buildings and vehicles.
They also determined how the plan’s mandate would increase the cost of logistics in a modern American economy.
CEI said the costs could be much higher due to the vague, overarching nature of the Green New Deal, not to mention other variables that could pop up in an economy run exclusively on green energy.
Other reports have made similar findings. The Green New Deal could cost up to $93 trillion over 10 years, a report from the right-leaning group American Action Forum (AAF) noted in 2019.
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The hard left clown show defines the Democrat party but it doesn’t define
most of the USA . Lets see what “s left of it after November .
In one of my 6/8/2019 posts I calculated the cost of the Green New Deal at $76,452.60 per household per year. This close agreement with today’s article shows we are indeed talking about extreme and unaffordable costs. This does not include the impact of having so many people out of work. One impact is long power outages would be common since there is no feasible way to store enough energy for a power grid for when renewables were not available.
David, I don’t think anyone has any real idea of what the numbers would be, but I would not bet against yours or the articles estimates. You are already aware of this, but most folks are just not fully informed of just how challenging the ongoing energy transition will be to replace fossil fuels. You may have reviewed it, but the “2020 Annual Energy Outlook” on the EIA website at http://www.eia.org is quite revealing and I’m quite certain MANY lawmakers are completely unaware of what our own Dept. of Energy statistics & projections reveal. I honestly hope in the energy arena, at least, that discussion quickly pivots off the Green New Deal and effort is made to deliberate bi-partisan legislation like the Senate bill introduced this past week by Senators Manchin & Murkowski. Have not seen any details yet, but just about anything would make more sense on energy issues than the GND…
Let’s say Comrade Bernie gets in . His fantasies are going no where .
All I see is this ranting poo spewing old crazy that is a mile wide
and an inch thick . AOC and the Bern are a perfect fit .
The Green New Scam is a Scam all right and just as long as the Democrats don’t have to pay taxes or abide by the same rules they make us abide by they don’t give hot about it all not these arrogant pompious old Peacocks sitting high on their roosts snorting at us birds who sit on the lower leavel’s
So, their idiotic plan is not only astronomically expensive, but useless at the same time.
Have greens lost the ability to think?