Staggering Price Tag, Logistical Hurdles Make Biden’s Climate Agenda A ‘Fool’s Errand,’ Report Says
John Hugh DeMastriMarch 18, 20231
It would cost nearly $50 trillion and require a massive shift in the makeup of the U.S. workforce for the economy to hit President Joe Biden’s goal of an economy that produces net-zero carbon emissions by 2050, according to a study by The Global Warming Policy Foundation released Thursday.
To account for rising transport and heating demand in addition to typical increases in demand for electricity, the U.S. electrical grid would need to grow about 60%, renewables would need to provide four times the level they do currently and a skilled workforce of roughly 3 million people would need to be developed rapidly and maintained until 2050, according to the study. The cost to modify the electric grid in this way would be roughly $12 trillion, while the cost to fully electrify homes and eliminate heating sources like natural gas would cost roughly $35 trillion, even when accounting for methods to limit costs like improved insulation in U.S. housing.
“With extra costs comfortably in excess of $35 trillion, a dedicated and skilled workforce comparable to that of the education sector, and key strategic materials demanded at many times the supply rates that prevail today, and all for no measurable attributable change in the global climate, the mitigation of climate change via a net-zero emissions USA economy in 2050 is an extremely difficult ask,” writes author Michael Kelly. “Without a command economy, the target will certainly not be met.”
https://www.conservativedailynews.com/2023/03/staggering-price-tag-logistical-hurdles-make-bidens-climate-agenda-a-fools-errand-report-says/
