The Green New Deal: Not Insanity, but an Investment. Among the many news stories that marked 2019, the Green New Deal was one ongoing discussion that exemplified a deeply divided America. Proponents saw this massive plan as a way to wean America off of fossil fuels, avoid ruinous climate change and also create new jobs. Critics viewed the concept as one that would disrupt the economy, and not for the better. While much of the U.S. public is supportive of at least some of the Green New Deal’s goals, political reality has sidelined the proposal for now. On the heels of COP25, which for the most part analysts have described as a flop, one study has come out suggesting that kickstarting the Green New Deal into high gear, and scaling it worldwide, could be well worth the investment for citizens and businesses alike. Last week, a Stanford University researcher published the results of his number crunching and concluded that while the implementation of a worldwide Green New Deal during a seven-year span would cost a whopping $76 trillion dollars, the global economy would recoup that massive sum relatively quickly by reaping annual savings of about $11 trillion – not to mention the fact that citizens would benefit from reduced climate action risks, cleaner air, fewer blackouts and more reliable sources of energy and power.
Triple Pundit 27th Dec 2019 read more »