Green New Deal cheers and jeers continue

Monday, February 11, 2019
 | 
Chris Woodward (OneNewsNow.com)

Green New Deal press conferenceAn energy economist says the framework from Rep. Alexandria Ocasio-Cortez (D-New York) and Sen. Ed Markey (D-Massachusetts) would be "catastrophic" to the economy.

Supporters of the Deal say it would help the environment and combat what they call man-made global warming by switching from fossil fuels to renewable energy. They also like that it promises a guaranteed job "with a family-sustaining wage, adequate family and medical leave, paid vacations and retirement security" for every American along with "high-quality healthcare."

Critics, however, say the Green News Deal is everything from egregiously expensive to absolutely nonsensical and socialistic.

"What it would do to the actual economy is very difficult to project, but it would be catastrophic to say the least," says Nic Loris, an energy economist for The Heritage Foundation. "There's all the service industries and supporting industries that help make the engine of the energy industry run that would be decimated by such a resolution, not to mention just your average business."

Loris adds that energy is a critical component to restaurants, department stores, and healthcare industries. 

Loris

"All of these industries are going to end up paying higher energy costs, and that means less investment for them, or it means hiring [fewer] people if they're diverting more of their money toward pricier electricity and pricier transportation fuel," he explains.

The left is always quick to say that people on the center-right are anti-environment, but Loris says the Green New Deal could threaten the environment by destroying an economy with the means of protecting our surroundings.

"It is prosperous nations that are able to take care of the environment along with important fundamental drivers of economic growth, such as a strong rule of law and private property protection," he explains. "What this Green New Deal would enact is siphoning off resources that could be better spent caring for the environment to costly, ineffective policies that would drive up energy costs for no meaningful climate benefit."

In a related article for The Daily Signal, a news organization operated by The Heritage Foundation, Loris says the Green New Deal would barely change the earth's temperature. That claim, if true, undermines one of the stated reasons for the Deal.

"What we need to focus on is getting both the developed and the developing world access to cleaner, more affordable, and more reliable energy so they have better standards of living and they have more means and resources to take care of the environment," Loris continues. "We've seen that time and time again when countries are more economically free -- and this dates back to data provided in our Index of Economic Freedom at The Heritage Foundation -- that they have more means and resources, and therefore their environmental record is a lot stronger as well."

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