Fox News cites CEI’s Green New Deal report, coauthored by CEI President Kent Lassman.
The report, released by the Competitive Enterprise Institute (CEI) and Power the Future on Wednesday, builds upon a previous study from the organization last summer. Using updated data, the group found that within the first year of implementation, the GND would cost households an average of between $74,287 and $76,683 in 10 states — Colorado ($74,287), Florida ($76,109), Iowa ($76,683), Michigan ($74,470), New Hampshire ($74,723), New Mexico ($74,432), North Carolina ($74,609), Ohio ($75,807), Pennsylvania ($75,307), and Wisconsin ($75,252).
Those figures incorporate the cost of electricity production within the first year of the program, a one-time upgrade to vehicles and housing, as well as shipping and logistics costs incurred from GND mandates.
CEI also examined Alaska, which would purportedly face $84,584 in average annual household costs during the GND’s first year. While the costs for each of the states declined in the following years, they all faced more than $39,000 in average annual household costs in the long term (six years or more).
As the study’s authors point out, their numbers provide just a basis for the actual cost of the energy-related provisions. For example, their calculations exclude costs for air cargo, as well as for retrofitting commercial and industrial buildings. “Taken together, the estimated costs for retrofitting current residential, commercial, and industrial buildings is astronomical,” wrote authors Daniel Turner and Kent Lassman.