REPORT: Just One Part Of The GREEN NEW DEAL Costs $2,546 PER FAMILY!
By Daily Caller
Michael Bastasch on May 8, 2019
The Green New Deal backed by Democratic presidential candidates could cost American households $2,546 per year just to decarbonize the power sector, according to an American Action Forum report.
The report found just meeting the Green New Deal’s goal of powering the U.S. with “clean, renewable, and zero-emission energy sources†within 10 years could cost over $5 trillion.
“The capital cost associated with replacing these resources is $5.36 trillion,†wrote AAF’s energy policy director Philip Rossetti. “The increase in annual operation and maintenance costs would be approximately $118 billion annually. These costs would be offset by $89 billion of reduced fuel and capital costs for fossil fuel power plants.â€
https://thepoliticalinsider.com/report-just-one-part-of-the-green-new-deal-costs-2546-per-family/?utm_source=facebook&utm_medium=social&utm_campaign=twds
