Biden’s ‘Green' Infrastructure Plan Would Actually Hurt the Environment, Top Economist Warns
Here's why.
Sunday, May 9, 2021
News Briefs Joe Biden Environment Green New Deal Government Spending Pollution
President Biden’s multi-trillion-dollar “infrastructure” proposal is about a lot more than traditional transportation infrastructure. In some ways, it’s a light version of the Green New Deal, including $10 billion to create a “Civilian Climate Corps,” $20 billion for “racial equity and environmental justice,” $175 billion for electric vehicle subsidies, and even money to make school lunches “greener.”
But one prominent economist is warning that the supposedly “green” plan would actually backfire and leave the global environment worse off. In a new analysis, Mercatus Center Senior Research Fellow Veronique de Rugy argues that the plan would lead to more pollution because it would push economic activity abroad to poorer countries with lower standards.
https://fee.org/articles/biden-s-green-infrastructure-plan-would-actually-hurt-the-environment-top-economist-warns/
