THE GREEN NEW DEAL: SCOPE, SCALE, AND IMPLICATIONS
The sweeping policy proposals contained in the Green New Deal, and the industrial mobilization it would require could cost upwards of $93 trillion.
From the Executive Summary:
The Green New Deal (GND) is a sweeping policy plan setting out ambitious objectives for energy and economic policy.
- The GND’s proposed goals, “mobilization,” and specific policy projects encompass social and institutional changes far exceeding the narrow policy goals, but these changes are impossible to quantify at this point;
- Many of the policies proposed in the GND are redundant with other aspects in it, which also complicates a precise analysis, as the interactions are difficult to predict; and
- The GND will be very expensive – our initial estimates for the tractable aspects [are that it would top $93 trillion].