Wednesday, 8 April 2020

The Green New Deal Is Cheap, Actually

The Green New Deal Is Cheap, Actually

Opposition to the Green New Deal is often framed as a matter of cost. President Trump’s re-election campaign blasted the “radical” plan, claiming it would “cost trillions of dollars, wreck our economy, and decimate millions of energy jobs.” But science shows that the costs of unchecked global temperature rise are far higher than transitioning to clean energy — which will, in fact, boost the economy. “Everybody thinks, ‘Oh, you have to spend a huge amount of money,’” says Mark Jacobson, a civil and environmental engineering professor at Stanford University. “Well, yeah, there’s an upfront cost, but this is something that pays itself back.”

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