The View From Here
by Ric Jackson
February 20th, 2019

Despite Merits, ‘Green New Deal’ Unlikely to Pass

I have been watching coverage of the Green New Deal in the media as it has unfolded over the last couple weeks. As a strong believer in reducing greenhouse gases and creating more energy-efficient buildings, I find the proposal from Rep. Alexandria Ocasio-Cortez and Sen. Ed Markey to be admirable. But what is the likelihood it will lead to real legislation?

For a little more background, the Green New Deal is a 10-year plan that aims to phase out use of fossil fuels and overhaul the nation’s infrastructure. According to a CNN report, the plan:

  • Envisions a shift to 100 percent renewable and zero-emission energy sources and calls for the creation of millions of new high-wage jobs to help wipe out poverty.
  • Calls for the elimination of pollution and greenhouse gas emissions in agriculture, transportation, manufacturing and construction.
  • Emphasizes massive public investment in wind and solar production, zero-emission vehicles and high-speed rail, energy-efficient buildings, and smart power grids, as well as “working collaboratively” with farmers and ranchers to move towards sustainable agriculture techniques.
  • Prioritizes “frontline and vulnerable communities,” which include people in rural and de-industrialized areas, as well as those that depend on carbon-intensive industries like oil and gas extraction.
  • Tackles other public policies, including universal healthcare, affordable housing, wages and business monopolies.

Indeed, the Green New Deal is aggressive and takes a novel approach to funding these efforts that avoids rules and regulations, which have been very unpopular and can be overturned by the next administration.

The View from Here is that it’s encouraging to see clean energy back on the agenda. However, at the end of the day, I think it is unlikely that this resolution will lead to legislation with its very aggressive timeline and potential trillion-dollar price tag that would be a death knell for any proposal.

I’ll certainly follow this important conversation as it unfolds. Maybe I’ll be surprised.

What’s your View? Email me directly at Eric.Jackson@Quanex.com.

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  1. You’ve been inside the beltway too long, Ric, if you find this preposterous assemblage of unaffordable, non-implementable, and frankly, absurd recommendations “admirable”.

    Millions of high-paying jobs to eliminate poverty? By this, do you imply that those now in poverty somehow have the skills, just not the opportunity? Look around at the unemployment figures. Hundreds of thousands of well-paying semi-skilled jobs go unfulfilled, but somehow we’ll be able to fill these “millions of high-paying ones?

    Elimination of greenhouse gases by agriculture (can you say cow farts?), transportation (“All aboard the 9:15 train from LA to Tokyo, with stops in Kona, Honolulu, and Guam”), and the military (you forgot to include this part, so I thought I’d remind you that it’s in there).

    This is nothing more than another attempt at a massive take down of the American economy, funded by George Thoros and others of his mindset. Shame on you for endorsing it, and shame on Quanex for paying you to do so.

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