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Europe's Green New Deal, a Bad Deal for Europe's Economy and People (Guest: James Roberts)

September 17, 2020

As with the Green New Deal proposed for America, Europe's green new deal would dramatically increase energy prices, increase unemployment and rob Europeans of choice while doing nothing to prevent climate change.

The mandates, regulations, and subsidies required to achieve net zero greenhouse gas emissions as demanded in the European Green New Deal would drive energy prices higher, disproportionately harming low-income Europeans, and have a negligible impact on climate. Driving out affordable, reliable energy sources for politically preferred, intermittent ones, would reduce living standards and political liberty for everyone forced to live under its mandates, while leaving Europe at a competitive disadvantage globally.

Author
H. Sterling Burnett, Ph.D., is a Heartland senior fellow on environmental policy and the managing editor of Environment & Climate News.
hsburnett@heartland.org