What the Green New Deal Could Cost a Typical Household
Examining the costs of the Green New Deal to typical households in five states this study finds the costs could be higher than the average household income.
The Green New Deal (GND) has been around since at least 2006. This study examines the energy portion of GND, focusing on the impact on households in four states: Alaska, Florida, New Hampshire, New Mexico, and Pennsylvania. The authors conclude:
At a minimum, the GND would impose large and recurring costs on American households.3 We conclude that in four of the five states analyzed—Florida, New Hampshire, New Mexico, and Pennsylvania—the GND would cost a typical household more than $70,000 in the first year of implementation, approximately $45,000 for each of the next four years, and more than $37,000 each year thereafter. In Alaska, estimated costs are much higher: more than $100,000 in year one, $73,000 in the subsequent four years, and more than $67,000 each year thereafter.