Households Would Pay Big for GND, Analysis Shows
The Heartland Institute cites CEI’s study by President Kent Lassman and Executive Director of Power the Future Daniel Turner:
A new study conducted by the Competitive Enterprise Institute (CEI) and Power the Future looked at a variety of sources of data to estimate how much the energy provisions of the Green New Deal (GND), including ending emissions of carbon dioxide from transportation and commercial and residential buildings in the United States, would cost the average household in five representative states: Alaska, Florida, New Hampshire, New Mexico, and Pennsylvania.
The report found during GND’s first year of implementation, households in the five states analyzed would incur at least $70,000 in expenses on average directly due to GND’s energy provisions, more than $45,000 in annual expenses for years two though five of the program, and an additional $37,000 in energy-related costs each year for the remainder of the program’s existence.
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“Most provisions of the GND are so broad and open-ended … it is impossible to calculate the whole or maximum cost of the GND,” authors Daniel Turner, executive director of Power the Future, and Kent Lassman, president of CEI, write.