The Daily Caller cites CEI’s Green New Deal study, coauthored by CEI President Kent Lassman:
“Our analysis shows that, if implemented, the Green New Deal would cost for American households at least tens of thousands of dollars annually on a permanent basis,” Lassman said.
“Perhaps that’s why exactly zero Senate Democrats, including the resolution’s 12 co-sponsors, voted for the Green New Deal when they had the chance,” he concluded.
The Washington, D.C.-based think tank’s report builds on a study the group produced in July 2019 showing Americans would incur massive expenses if the Green New Deal passes.
The authors incorporated the costs of electricity production within the first year after Green New Deal’s implementation and the costs of a one-time upgrade to buildings and vehicles. They also determined how the plan’s mandate would increase the cost of logistics in a modern American economy.
CEI said the costs could be much higher due to the vague, overarching nature of the Green New Deal, not to mention other variables that could pop up in an economy run exclusively on green energy.