The Green New Deal: A Raw Deal for American Taxpayers, Energy Consumers, and the Economy

On February 7, 2019, Representative Alexandria Ocasio-Cortez (D–NY) and Senator Ed Markey (D–MA) released their plan for a Green New Deal in a non-binding resolution. The goal of the Green New Deal as outlined is to achieve global reductions in greenhouse gas emissions from human activity of 40 percent to 60 percent (from 2010 levels) by 2030 and net zero emissions by 2050. In what the resolution calls a “10-year national mobilization,” it proposes monumental changes to America’s electricity, transportation, manufacturing, and agricultural sectors if enacted.

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