Swing-State Households Would Lose at Least $70G Within First Year of Green New Deal, Study Finds
Fox News cites CEI’s latest study on the Green New Deal, written by CEI President Kent Lassman and Power the Future Executive Director Daniel Turner.
Radically transforming energy consumption under the “Green New Deal” (GND) would cost the average household at least $70,000 in the first year of its rollout, and a cool quarter-million dollars total after five years, a new study concluded.
The study, released jointly by the Competitive Enterprise Institute (CEI) and Power the Future on Tuesday, looked at a wide swath of data to estimate how transforming the energy sector — which includes de-carbonizing transportation and retrofitting U.S. commercial and residential buildings — would affect the average household in five representative states.
Within the first year of implementing the program, the average household in each of the given states (Alaska, Florida, New Hampshire, New Mexico, Pennsylvania) would incur at least $70,000 in expenses — followed by roughly $45,000 in annual expenses for each of the following 2-5 years and over $37,000 after that time frame.