If it’s true that, as Rep. Alexandria Ocasio-Cortez claims, we’re all going to be dead in 12 years if her “Green New Deal” doesn’t become law, then I have some bad news: we’re all going to die anyway because the Green New Deal may cost over $90 trillion, but it won’t make a dime’s worth of difference to the climate.
(Not to be outdone on the doomsday prediction front, “Beto” O’Rourke gives us only 10 years. Conversely, I give his campaign only about 10 more months. Or at this rate, maybe 10 weeks.)
The Daily Wire reports that the American Enterprise Institute just released a study of the Green New Deal, breaking it down into separate policy proposals and assessing each by cost and effectiveness toward achieving the goal of “net zero carbon emissions” by 2050.
Bottom line: even if we ignore all the damage it would do to the economy, individual freedom and prosperity, fund it fully and implement it as proposed…and even if it all works just as its backers claim…and even if the eco-science they espouse is accurate…the total reduction in temperature rise by 2100 would be between 0.083 and 0.173 degrees C. The report describes that number as "barely distinguishable from zero." The overall assessment is that it’s really just a massive plan to replace market forces with government control and central planning, thinly disguised as an environmental bill. That news will probably generate even less of a shock than a windmill on a breezeless day.
You can read more details at the link, which contains another link to the full AEI report if you want to dive into it even deeper. And to address one of the weaknesses in the report up front, the researchers admit that many of the cost estimates were difficult to analyze because the people who wrote the plan were very fuzzy about their numbers. Why does that not surprise me?