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The Green New Deal: Scope, Scale, and Implications

The Green New Deal: Scope, Scale, and Implications

Full Title: The Green New Deal: Scope, Scale, and Implications
Author(s): Douglas Holtz-Eakin, Dan Bosch, Ben Gitis, Dan Goldbeck, Philip Rossetti
Publisher(s): American Action Forum
Publication Date: February 1, 2019
Full Text: Download Resource
Description (excerpt):

The Green New Deal (GND) is a sweeping policy plan setting out ambitious objectives for energy and economic policy. The breadth of its proposals makes it daunting to assess the GND using the standard tools of policy analysis. Nevertheless, this short paper is an initial foray. We have three broad conclusions:

The GND’s proposed goals, “mobilization,” and specific policy projects encompass social and institutional changes far exceeding the narrow policy goals, but these changes are impossible to quantify at this point;
Many of the policies proposed in the GND are redundant with other aspects in it, which also complicates a precise analysis, as the interactions are difficult to predict; and
The GND will be very expensive – our initial estimates for the tractable aspects are included in the report.

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